We're seeing encouraging signs that Canada’s real estate market is finding its footing again, with sales picking up, inventory stabilizing, and early price gains showing up after what’s felt like a lengthy downturn. Looking ahead, projections for 2026 point to sales dipping about 4% to roughly 453,000 homes, and average reference prices easing by around 2% to about $794,000. By 2027, forecasts suggest a rebound: sales could rise by approximately 7% to 484,000 units, and benchmark prices might nudge up just under 1%, landing near $801,000 nationwide.
It’s worth noting, though, that this recovery isn’t playing out evenly everywhere. Ontario and British Columbia are still trailing, and the condo market in Toronto and Vancouver continues to feel the weight of higher supply. To me, this feels less like a classic boom and more like a careful transition from correction to recovery—a period where opportunities may open up for buyers as conditions slowly improve. As always, my commitment is to help clients navigate these shifts with clear guidance and trusted expertise, whether you’re buying, selling, or investing.
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