There’s a lot of talk about recovery in Canada’s housing market, and it’s true—we’ve seen encouraging signs since early Q2. Resales are picking up, inventory is finding balance, and price declines are slowing down. Still, the latest forecasts from the bank remind us that a full-blown boom isn’t on the horizon just yet. Looking ahead, they expect 2026 home resales to dip by about 4% to 453,200, with benchmark prices easing roughly 2% to $794,200. By 2027, we should see some growth: resales could rise around 7% to 483,600, and benchmark values might edge up just under 1% to $800,700. These numbers suggest a recovery, but not a surge.
A major factor is the pent-up demand—the bank estimates more than 400,000 Canadian households haven’t formed since 2019, as many have waited to enter the market. The outlook still hinges on affordability, steady economic growth, and renewed confidence. With rates likely at their lowest and ongoing trade tensions, it’s clear that navigating this market takes careful planning and knowledge of local trends. As always, I’m committed to making your real estate experience smooth and stress-free, whether you’re buying your first home, selling, or investing. Trust and insight remain at the heart of what I do.
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