Is The Canadian Housing Sentiment Finally Shifting? National Market Update

RBC/BMO Forecast: Home resales are down, but a rebound is expected in 2026, tempered by affordability, labor market, and immigration challenges.

Regional Differences: Prairies and Atlantic Canada are more stable; Ontario and B.C. face imbalances, with prices dropping into 2026.

Affordability & Pent-Up Demand: Lower rates and prices offer some relief, but affordability remains a key constraint, and improvements slow population growth.

High Inventory: Ontario and B.C. are flooded with homes for sale, giving buyers more power while sellers need to compete for a strong come back.