Canada's housing market is shifting toward recovery, with improving sales, steadier inventory, and early price gains after a prolonged stretch of sharper declines.
For 2026, sales are projected to slip ~4% to ~453K homes, while avg. reference prices ease ~2% to ~$794K before firmer 2027 gains.
In 2027, sales are expected to rise ~7% to ~484K units, while benchmark prices edge up <1% to ~$801K across the country.
Recovery is likely to stay uneven, with Ontario and British Columbia lagging and condo supply in Toronto and Vancouver keeping that segment under pressure.
This looks more like a transition from correction to recovery than a boom, so buyers may see better openings as conditions gradually improve.
