Home resales are projected to rebound 7.9% in 2026 to 504,100 units, yet remain slightly below pre-pandemic averages due to lingering market constraints.

National home prices are expected to decline 0.7% in 2026, with Ontario and B.C. experiencing the steepest drops due to high inventory and strong seller competition.

Affordability improves as interest rates stabilize, encouraging more buyers, but ownership costs remain well above pre-pandemic levels in high-priced regions.

Immigration cuts and slower population growth will temper rental and condo demand, particularly in Toronto and Vancouver, influencing broader housing dynamics.