TD Economics downgraded its 2026 Canadian housing outlook, now expecting national home sales to fall 1.8% and prices to drop 0.3%, contrasting with more optimistic forecasts. Ontario and British Columbia face the steepest declines due to affordability issues, while the Prairies and Alberta may see gains supported by better affordability and higher oil prices. Economic strains and geopolitical risks could further impact regional markets, delaying recovery until 2027.
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