Canada’s Housing Market Remains Resilient Amid CREA Outlook Update

The Canadian resale housing market is forecasted to decline 1.4% in 2026, reversing earlier growth expectations, with 463,336 properties projected to sell. The national average home price is expected to rise 1.1% to $686,710, slightly below previous estimates. Regional disparities persist, with Quebec and Atlantic Canada facing demand drops due to population decline, while Ontario drives recovery. Alberta sees rising prices, and Newfoundland and Labrador remains a strong seller's market.