Canada’s 2026 resale outlook still points higher: ~475K homes are forecast to trade, ↑~1% from 2025, led by British Columbia and Ontario.
National avg. home price is forecast near ~$689K in 2026, ↑~2%, with little growth expected in British Columbia, Alberta, and Ontario overall.
Mortgage-rate uncertainty is expected to shape activity and may keep some buyers waiting for rates to settle during the busiest season ahead.
The outlook depends on pent-up first-time buyer demand returning once rates stop falling and affected local prices show signs of stabilizing more clearly.
For 2027, sales are forecast near ~485K and prices near ~$695K, with potential upside if inflation pressures prove short lived and rates prove unnecessary.
