Author: sanjaykapoor-ca

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.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences.
It's a symbol of Canada's commitment to reconciliation with Indigenous communities.
Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools.
May this day inspire a future where every voice is heard, and every spirit is healed.
Together, we can create a tomorrow filled with hope and endless possibilities.

Looking ahead to 2027, we may see a shift in Canada’s housing landscape. According to CMHC, housing conditions are expected to gradually improve as incomes and economic growth pick up. While we can anticipate a recovery in home sales, the activity may still fall short of the busy pace we saw in the previous decade. CREA’s projections suggest that national price growth will be modest, pointing toward a period of stability rather than dramatic price jumps. With higher inventory and softer demand in certain markets, buyers could find themselves with a bit more negotiating power. After three decades in real estate, I’ve seen how patience and a solid strategy can make all the difference when navigating changing market conditions. Whether you're considering your next move or just keeping an eye on the market, staying informed and prepared is always your best advantage.

As someone who’s navigated the ins and outs of the Canadian real estate market for decades, I know firsthand how development fees impact the affordability and availability of new homes. A recent study from our national housing agency highlights that reducing these fees could make about 14% more residential projects viable across Canada—a significant boost for those hoping to see more options hit the market.

In cities like Toronto and Vancouver, the upside is especially notable. The research shows that removing development charges could increase the number of viable projects by around 10%. In Toronto, this could even help cover half of the city’s stated housing supply needs. Yet, it’s important to remember that these fees serve a purpose, funding essentials like roads, sewers, and community infrastructure. The agency’s economist points out that while lowering fees can help, the optimal amount isn’t zero.

What stands out to me is the impact on family-sized homes. Lowering fees for these properties could allow more projects to compete in expensive markets, especially where the cost of new, larger units often surpasses resale homes—making it tough for growing families to find something suitable. For those searching for the right home or investment, keeping an eye on how local policy shapes the landscape is just as important as the listings themselves. My role has always been to guide clients through these complexities, ensuring you’re well-informed and well-prepared for every step of your real estate journey.

As someone who's spent decades guiding clients through the ups and downs of our real estate market, I often get asked: do lower interest rates really make homes more affordable? Recent findings from central bank researchers shine a light on this. When rates drop in Canada, we see home resales increase quickly—sometimes within months. But new housing supply takes much longer to catch up, with starts often rising two years after the initial rate cut. That gap explains why cheaper borrowing isn't a quick fix for affordability challenges. Strong job markets and easier lending can make buyers more confident, speeding up demand even further, while builders need time to plan, secure permits, and break ground—especially for larger projects. Over the long term, lower rates can eventually encourage more building, but because supply always lags behind demand, monetary policy alone isn’t the answer to making homes more attainable. Having helped so many clients navigate these cycles, I know just how important it is to look at the bigger picture when making real estate decisions.