Canada Housing Market Shows Signs of Recovery but Regional Gaps Persist
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In July, home resales held relatively steady compared to recent months, hinting at a recovery in activity. RBC’s Assistant Chief Economist, Robert Hogue, attributes this to easing economic worries and lower borrowing costs, which are coaxing prospective buyers back into the market.
RBC projects a decline of about 3.5% in home resales for 2025, totaling approximately 467,100 units, before rebounding with a 7.9% increase in 2026 to 504,100 units—though still below the pre-pandemic five-year average of around 511,000 units. On the pricing front, modest gains of about 0.7% are expected in 2025, but RBC anticipates a slight downturn of 0.7% in 2026, particularly in Ontario and British Columbia, owing to surplus inventory and intense seller competition.
Markets such as Ontario and B.C., burdened with elevated listings and reduced affordability, are expected to see continued price pressures and slower rebounds.
Read the full article on: REAL ESTATE MAGAZINE
