Canada’s market showed early momentum, with resales improving, inventory flattening, and prices stabilizing as affordability and employment trends helped restore buyer confidence.
A key watchpoint is how quickly sidelined buyers return, as many postponed purchases yet now appear financially positioned to act on stronger savings and employment.
For 2026, the forecast called for resales ↓~4% to ~453K and benchmark prices ↓~2% to ~$794K, before modest gains returned in 2027.
Borrowing costs looked near lows, while the central bank was expected to hold rates; trade tensions and energy shocks remained key risks to momentum.
The forecast expected resales and prices to rise across all provinces in 2027, but described the broader recovery as irregular rather than transformative.
