Key Insights
National home prices are projected to decline in 2026 before modestly rebounding in 2027 and 2028.
High borrowing costs and economic uncertainty are leading to decreased housing demand across Canada.
Condominium markets are particularly affected, with rising vacancy rates and slowing rent growth.
AI Analysis
The Canadian housing market is anticipated to remain bearish in the near term, with declining home prices and subdued sales activity. A gradual recove...
Market Outlook
Short-Term
In the short term, the housing market is expected to remain subdued, with declining home prices and reduced sales activity. Economic uncertainties and high borrowing costs are likely to continue dampening demand.
Long-Term
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