Lately, we’ve seen Canada’s housing market ease up, with activity down about 7% year-over-year and national sales dipping by less than 1% month-over-month. Buyers are clearly feeling the weight of trade tensions, shifting oil prices, and persistent inflation concerns. As Canada bond yields push fixed mortgage rates higher, I’m seeing clients become even more thoughtful in their decisions. The Bank of Canada has kept its policy rate steady, and with inflation hovering around 3% for the second month, some economists are already discussing the potential for easing in 2027. For the rest of 2026, the consensus seems to be a holding pattern—or maybe a minor hike—before we might see rates come down as things improve. The biggest catalyst for a rebound? A new US trade deal. For now, I continue to watch the market closely, sharing insights and tailored advice, so my clients are ready for any shift over the next 6 to 12 months. Staying informed and prepared is key in these nuanced times.
Leave a Reply