What’s Next for Canada’s Housing Market?

Canada’s housing market is still soft in mid-2026, with weak sales, cautious buyers, and affordability challenges keeping overall activity subdued.
Ontario and BC, especially condos, remain under pressure due to high supply, weaker investor demand, and expected further price declines through 2026.
Smaller provinces like Quebec, Alberta, Saskatchewan, and Manitoba are performing better, showing more stable prices and relatively healthier market conditions.
A modest recovery is expected in 2027 as affordability improves, demand builds, and economic uncertainty gradually eases, though growth will likely remain limited.