Ontario’s housing market is expected to improve in 2027 with existing home sales rising nearly 5% and prices increasing 2.4%, though sales will remain below long-term norms. Housing starts are projected to grow about 6% to nearly 65,000 units but stay over 30% below 2021-2022 levels. Higher borrowing costs limit buyer power and developer financing. Regional differences include weak condo construction in Toronto and economic pressures in Ottawa.
Experts said Canada had taken small steps forward, with affordability improving in key markets, yet overall progress still fell short of solving supply challenges.
Canada has been building ~250K homes yearly, but restoring affordability and closing the backlog required ~400K to 470K new homes each year.
Over the past decade, population growth outpaced housing production, leaving a deficit that could not be erased quickly even if construction activity accelerated.
Public frustration stayed high: ~80% of Canadians said housing was not functioning properly, and ~75% felt too few homes were being built.
Looking ahead, pent-up demand could emerge when confidence improves, and housing was expected to remain a major political issue across Canada for voters.
Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day.
In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints.
Soon, All Saints' Day incorporated some traditions of Samhain and the evening before was known as All Hallows Eve, and later Halloween.
Over time, Halloween evolved into a day of activities like trick-or-treating, carving jack-o-lanterns, festive gatherings, donning costumes and eating treats.
Today’s the day to eat candies and sweets to your heart’s content! Happy Halloween!
Wasaga Beach — Most Expensive homes for September 2026.
Listings (sorted by price):
1. Listing S13747030 — $3,200,000
2. Listing S13748758 — $2,988,000
3. Listing S13081470 — $2,850,000
4. Listing S13634186 — $2,788,888
5. Listing S13744486 — $2,600,000
6. Listing S13222940 — $2,480,000
7. Listing S13786742 — $2,399,000
8. Listing S13628334 — $2,299,999
9. Listing S13132518 — $1,950,000
10. Listing S13811766 — $1,899,900
11. Listing S13504272 — $1,799,000
12. Listing S13586210 — $1,789,000
13. Listing S13779680 — $1,770,000
14. Listing S13730008 — $1,689,000
15. Listing S13827858 — $1,599,999
A national index for 11 major metros slipped <0.5% MoM in the latest reading, marking eight declines in nine mo and reversing the prior uptick.
National prices sat at their weakest level since Early-Q2 2023, now ↓~4% from the Late-Q4 2025 peak reached nationally <1 yr earlier.
A rebound earlier in the year faded quickly: the adjusted measure ↓~0.5%, its first pullback in six mo after support from jobs and affordability.
Across major metros, yearly losses deepened to ~4% nationally. Vancouver, Hamilton, and Toronto led declines, while Quebec City, Montreal, and Winnipeg still posted gains.
Looking ahead, higher bond yields were expected to lift new mortgage costs, limit borrowing capacity, and pressure affordability as home sales began declining again.
First-time homebuyers in Canada should assess their finances, set a realistic budget including all costs, and save for a down payment to avoid mortgage insurance. Getting mortgage pre-approval clarifies borrowing limits and locks interest rates. Research the market thoroughly and consider first-time buyer incentives. A home inspection is essential, and be prepared for closing costs. Avoid overextending budgets, skipping pre-approval, ignoring hidden costs, and making emotional decisions.
Canadian borrowers could continue facing affordability pressure as borrowing costs remain elevated and economic uncertainty shapes the housing market.
Rate relief could improve affordability, but its impact will depend on inflation, economic conditions, and the Bank of Canada’s policy path.
Buyers may remain cautious, while higher financing costs continue influencing purchasing power, refinancing decisions, and overall housing demand.
For borrowers and investors, planning around current financing conditions remains important rather than relying entirely on future rate declines.
Canada's housing market softened recently, with activity ↓~7% yearly and national sales ↓<1% MoM as buyers weighed trade tensions, oil prices, and inflation worries.
Rising Canada bond yields added pressure to fixed mortgage rates, yet an industry expert still expected Late-Q3 and Q4 activity to stay busy.
Canada's central bank recently held its policy rate, while inflation stayed near ~3% for a second month and some economists saw room for 2027 easing.
For the rest of 2026, one expert expected either no change or one small hike, then possible cuts in 2027 as conditions improve.
The biggest rebound catalyst remained a US trade deal, while buyers were urged to watch the next 6 to 12 mo and stay ready.
On November 11, 2026, Wasaga Beach will come together at Wasaga Beach Town Hall for a meaningful Remembrance Day service honouring the veterans who have served and sacrificed for our communities. This free local event is an opportunity to pause, reflect, and remember the people behind the stories of service.
A special part of the gathering will be the unveiling of Hometown Heroes banners in partnership with the Rotary Club of Wasaga Beach. These banners recognize local heroes and help keep their contributions visible throughout the community, connecting remembrance with the people and places we call home.
As a local real estate professional, I know that strong communities are built through shared experiences, respect, and connection. Consider marking your calendar, inviting neighbours and loved ones, and attending this important community service together. For official event information, visit https://www.wasagabeach.com/festivals-events/festivals-events/remembrance-day-parade/.
Let’s show our gratitude and ensure the sacrifices of veterans are never forgotten. Share this post with someone who would like to attend, and join Wasaga Beach on November 11 for a day of remembrance and community.
As someone who’s spent decades guiding clients through the evolving landscape of our local real estate market, I’ve seen firsthand how small-scale infill projects are starting to reshape Canada’s housing supply. While larger developments still account for the majority of new builds in established neighborhoods, there’s a notable trend: zoning changes are increasingly allowing more homes to be added to existing lots. This could open the door for a real boost in supply—especially in areas where infill regulations are becoming more flexible.
We’re seeing a shift toward building on previously developed land, with new homes often designed for greater density. This means ground-oriented homes, though still valued, are becoming a smaller slice of the pie. The push for more 'missing middle' housing is encouraging, but it’s clear that real progress depends on factors like approval timelines, development fees, building regulations, and access to financing.
Having helped many clients navigate these changes, I recognize the importance of understanding both the opportunities and challenges presented by small-scale infill. It’s becoming an increasingly important source of ground-oriented homes, but its long-term impact will depend on whether these projects remain financially sustainable. Staying informed and adaptable is key in making the right real estate decisions as our communities grow and evolve.
