Category: Uncategorized

Demand remains strong, supported by continued population growth and long-term housing needs across the region. New construction is helping improve supply, giving buyers more options while supporting market stability. Rental demand stays healthy, benefiting investors as new residents enter the market. Home prices are expected to hold relatively steady, reflecting resilience despite affordability challenges.

BoC hinting rates “as good as it gets” pulled sidelined buyers back. First-time buyers matter most—they buy homes without adding new supply. CREA predicts 494K sales in 2026, climbing again into 2027. Hidden insight: Tariff threats and economic fear stalled 2025, not just rates. Sentiment is the real driver.

2026 forecast: market hovers between buyers’ and balanced conditions. Single-family homes lead demand; prices expected to fall 5% to $1,610,915. Condos forecast to dip 3% to $712,853—entry-level remains tight, sellers’ market. Entry-level homes remain tight; luxury stock grows—buyers can finally negotiate. Opportunity year for savvy buyers: softer prices plus still-favourable mortgage rates.

Market shift: rising inventory, evolving pricing, and developers adapting to changing buyer expectations. Early 2026 condos: $450,000-$550,000 entry; mid-range $650,000 to >$1.2M; luxury can exceed $1.5M+. Townhomes $900,000-$1.6M; low-rise family homes $1.2M-$2M+; condos softer than low-rise. Risks: appraisal gaps, assignment slowdown, and possible project cancellations; verify deposit protection and financing stability. Outlook: market stabilizing; prices…

Home sales rose slightly but remain well below long-term averages. High housing inventory continues giving buyers stronger negotiating power. Benchmark home prices have fallen significantly year-over-year. Ongoing supply levels suggest the market may remain weak in the near term.