Canada’s housing market is gradually moving from a period of sharper declines into a more balanced phase, with signs of recovery emerging in sales, inventory, and early price trends. For 2026, national sales are expected to dip about 4% to roughly 453,000 homes, with average reference prices easing by 2% to approximately $794,000 before a more solid rebound in 2027. The following year, forecasts suggest sales will rise by around 7% to 484,000 units, with benchmark prices nudging up less than 1% to about $801,000. It’s important to note that this recovery isn’t uniform—markets in Ontario and British Columbia, including areas like Vancouver, may experience a slower pace, and increased condo supply in Toronto and Vancouver could continue to put pressure on those segments. For buyers and sellers in Metro Vancouver, Burnaby, Surrey, and surrounding neighborhoods, these shifts represent an evolving landscape—one that’s moving from correction toward recovery, not an outright boom. This environment may offer more strategic opportunities as conditions stabilize.
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