Canada's housing market is slowing in 2026, with housing starts down 2.8% in June and a 13% year-over-year drop in larger centers. Toronto saw a 25% increase in starts, while Vancouver declined 35%. Resale activity rose slightly but remains 12% below the 10-year average. Forecasts predict fewer home sales and modest price growth amid weak demand, affordability issues, and economic uncertainty, with regional variations in supply and prices.
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