Mid-Year Outlook For Canada's Housing Market

Canada's housing market shows signs of gradual recovery in 2026 with rising home resales, stabilizing prices, and leveling inventory. Despite a projected 3.6% drop in resales and 2.3% price decline this year, 2027 is expected to see a 6.7% sales increase and slight price growth. Recovery is driven by improved affordability, job prospects, and pent-up demand, though challenges like immigration cuts, affordability, and regional disparities persist.