TD now forecasts home sales falling 1.8% yearly in 2026, reversing earlier expectations of 9.3% growth, citing slower-than-expected demand recovery.
National average home prices projected to decline 0.3%, compared with previous forecast of 4.1% increase, reflecting affordability pressures and weak economic conditions.
Housing activity expected to stay subdued through 2026, with recovery delayed as uncertainty, cost-of-living pressures, and slow demand limit transactions.
TD expects rebound in 2027, with home sales rising 9.6% yearly and average prices increasing 2.7%, supported by improved economic and job conditions.