While we’re seeing steady signs of recovery in Canada’s housing market since early Q2—with resales improving, inventory balancing out, and prices either stabilizing or softening at a slower pace—the numbers suggest we shouldn’t expect a dramatic surge. The latest bank projections show that home resales in 2026 are expected to dip by about 4% to 453,200, and benchmark prices could ease by 2% to $794,200, even as recent trends look more positive. Looking ahead to 2027, the forecast points to a 7% rebound in resales (up to 483,600) and a modest increase in benchmark values—just under 1% to $800,700—reinforcing the idea of a measured recovery rather than a boom.
One factor supporting the market is pent-up demand. The bank estimates that more than 400,000 Canadian households may not have formed since 2019, as many people have postponed their buying decisions. In my experience guiding clients through changing markets, it’s these underlying shifts—along with affordability, stable growth, and renewed confidence—that truly shape our local real estate landscape. However, with interest rates likely at their lowest and global trade tensions still a possible headwind, it’s important to stay grounded and make informed decisions. As always, my commitment is to helping you navigate these transitions with honesty, diligence, and a deep understanding of our community’s needs.
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