Canada Housing Could Look Very Different in 2027

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Looking ahead to 2027, CMHC anticipates a gradual improvement in Canada’s housing landscape as both incomes and economic growth gain traction. While sales are projected to recover, activity is still expected to stay below the robust levels we saw in the previous decade. According to CREA, we’re likely to see only modest national price growth—an indicator that the market is finding its footing, not gearing up for another dramatic surge. For buyers, higher inventory and softer demand in certain areas may mean more room at the negotiating table.

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