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Canada’s housing market is beginning to stabilise in 2026 as lower prices, improving affordability, and reduced borrowing costs gradually bring buyers back into the market. While elevated inventory levels continue to provide buyers with negotiating power, improving sales activity suggests confidence is slowly returning after a challenging period for the sector. Toronto: Sales Activity Improves One of the clearest signs of recovery can be seen in Toronto, where home sales rose 7% year-on-year to 5,946 transactions. Although new listings declined and benchmark prices remain below last year's levels, market conditions have started tightening as buyer activity improves. This suggests that demand is gradually returning, supported by better affordability and easing financing conditions. Vancouver: Detached Homes Lead Market Confidence In Vancouver, market performance remains mixed, but detached homes are showing encouraging signs of strength. Detached home sales increased 14%, indicating renewed confidence among buyers seeking larger properties. While benchmark prices remain lower than a year ago, values continue to hold above long-term averages, reflecting the underlying resilience of the market. Market Conditions Remain Balanced Across Canada, elevated housing inventory continues to create a balanced market environment. Buyers still have room to negotiate, while sellers are adjusting expectations in response to changing demand patterns. This balance is helping support a healthier market recovery compared to the rapid price growth seen in previous years. The combination of improving affordability, lower borrowing costs, and stable inventory levels is creating a more sustainable foundation for long-term market growth. Outlook Canada's housing market is expected to continue its gradual recovery through the second half of 2026. While price growth is likely to remain moderate, improving affordability, lower financing costs, and returning buyer demand should support stronger activity across major markets. If economic conditions remain stable, Toronto and Vancouver could lead the next phase of market improvement, while balanced inventory levels help maintain market stability. Download to see insights from other country marketsDownload

Canada’s housing market showed signs of stabilisation in March 2026, as national conditions moved closer to balance. Improved affordability and stronger seasonal demand helped support prices after previous declines, giving buyers and sellers a more stable market environment. Toronto Market Tightens In the Greater Toronto Area, sales reached 5,039, up 1.7% year-on-year, while new listings fell 16.7% year-on-year. This shows that supply is dropping faster than demand. Although prices were still down annually, they remained stable month-on-month, suggesting that a price floor may be forming. Vancouver Remains Balanced Metro Vancouver recorded 2,032 sales, down 2.8% year-on-year, while new listings fell 10.3% year-on-year. However, active listings remained high at 14,774, around 38% above average. This gives buyers more choice and keeps price growth limited for now. Buyers Still Hold Negotiating Power Compared with 2025, buyers continue to benefit from more options and stronger negotiating power. However, as the spring market progresses and supply adjusts, conditions may begin to tighten gradually in selected cities. Outlook Canada’s housing market is likely to remain more balanced in the near term, with different cities moving at different speeds. Toronto may see stronger support if supply continues to fall, while Vancouver could stay steady due to higher inventory. For buyers, this remains a useful window to compare options, negotiate carefully and enter the market before conditions tighten further. Download to see insights from other country marketsDownload

Canada’s Housing Market Is Moving Toward Balance Canada’s housing market in early 2026 is slowing but stabilising, as rising inventory and moderating prices bring the market closer to balance. While overall activity has softened, this shift is creating more opportunities for buyers who were previously priced out. Home sales have declined year-on-year, while average prices have eased slightly. At the same time, inventory has risen to around 140,000 listings, with nearly five months of supply, giving buyers more options and reducing urgency across the market. Toronto Toronto is showing mixed signals. Sales remain relatively steady, but new listings have dropped sharply, tightening supply in certain segments. Prices continue to adjust, although strong underlying demand suggests potential recovery if inventory tightens further. Vancouver In Vancouver, higher inventory continues to put pressure on the market. Sales activity remains below historical averages, while benchmark prices have declined as supply outweighs demand. This reflects more cautious buyer sentiment, particularly in higher-priced segments. Overall, Canada’s housing market is transitioning into a more balanced phase. With improved supply, softer pricing, and steady demand, the current environment offers greater flexibility and entry opportunities for buyers and long-term investors. Quebec Source: GVR Residential Market Report - January 2026 Download to see insights from other country marketsDownload

Canada   Canada’s housing market started 2026 with softer sales and more balanced supply compared to prior years. Total home sales in 2025 fell 1.9% from 2024, and the MLS® Home Price Index was down about 4% year-over-year by year-end.   CREA forecasts a modest rebound in 2026, with sales expected to rise 5–7% and average prices reaching around $690,000 to $700,000. The market remains stable, supported by improved affordability and steady buyer confidence.   Toronto   GTA REALTORS® reported 3,082 home sales in January 2026, down 19.3 per cent compared to January 2025, while new listings totaled 10,774, a 13.3 per cent year-over-year decline. On a seasonally adjusted basis, sales decreased month-over-month as listings edged slightly higher.   The MLS® HPI Composite benchmark fell eight per cent year-over-year, with the average selling price at $973,289, down 6.5 per cent from January 2025. TRREB’s 2026 Market Outlook and Year in Review Report also highlights broader trends across the GTA’s residential and commercial real estate markets.   Source: https://trreb.ca/wp-content/files/market-stats/market-watch/mw2601.pdf    Vancouver   Metro Vancouver home sales on the MLS® dropped 28.7% year-over-year in January 2026 to 1,107 units, well below the 10-year average. New listings declined 7.3% to 5,157 but remained above historical norms, pushing active listings up nearly 10% to 12,628.   The sales-to-active listings ratio stood at 9.1%, signaling continued downward pressure on prices. The MLS® Home Price Index benchmark fell 5.7% to $1,101,900. Detached, apartment, and attached home sales and prices all saw double-digit declines compared to January 2025. GVR expects 2026 to mirror last year with subdued sales, high inventory, and stable prices amid ongoing economic uncertainty.   Source: https://members.gvrealtors.ca/news/GVR-Stats-Package-January-2026.pdf   Quebec   Source: https://apciqca-152af.kxcdn.com/wp-content/uploads/sites/4/2026/02/stats-202601-en-1.pdf    Download to see insights from other country marketsDownload

Canada’s real estate market closed 2025 in a more balanced and stable position, supported by earlier interest rate cuts, easing inflation, and gradually improving buyer confidence. Across major cities, conditions varied but remained resilient: the GTA saw steady demand within a well-supplied market, Vancouver experienced elevated inventory with limited price pressure, and Montreal continued to outperform, driven by favourable financing conditions and population growth. Overall, the national market ended the year on solid footing, setting a measured tone for 2026. At the city level, Toronto closed December 2025 with lower year-on-year sales and prices, but rising listings and improving affordability are positioning the market for a potential recovery once economic confidencestrengthens. Vancouver remained firmly buyer-friendly, with high inventory levels and softer sales keeping conditions balanced-to-soft. Quebec continued to show resilience, with stable transaction activity and price growth supported by strong demand for multi-unit and urban housing. Taken together, Canada’s housing market is entering 2026with greater stability, improving affordability trends, and pent-up demand that could support activity as confidence returns. Download to see insights from other country marketsDownload

Written by Yousaf Iqbal, Head of IQI Canada  In November 2025, Canada’s housing market showed early signs of renewed momentum as national home sales rose and prices began to stabilise. The national average home sale price reached about C$690,195, up modestly month-over-month and down only around 1.1% compared with last year — narrowing the year-over-year drop. With sales climbing and listings somewhat pressured, the supply-to-demand balance remained within historically “normal” bounds. Interest rates set by the Bank of Canada at 2.25% have kept borrowing costs moderate, creating a modest boost to affordability — though many markets remain expensive for first-time buyers.  Toronto (GTA)  In November 2025, GTA home sales dropped 15.8% year-over-year to 5,010 transactions, with new listings down 4% to 11,134, as many buyers stayed cautious amid economic uncertainty. Prices continued to ease: the MLS® HPI Composite fell 5.8% annually, and the average selling price declined 6.4% to $1,039,458. On a seasonally adjusted basis, both sales and listings edged slightly lower from October, while prices held mostly steady. With borrowing costs lower and improving job data, confidence is expected to gradually build heading into 2026.  Vancouver In November 2025, Metro Vancouver home sales dropped 15.4% year-over-year to 1,846, while active listings climbed 14.4% to 15,149, keeping conditions firmly in buyers’ territory. New listings edged down 1.4% to 3,674, though overall inventory remained well above long-term averages. The MLS® HPI benchmark fell 3.9% annually to $1,123,700, with detached, attached, and apartment prices all softening slightly from last year. Ample supply, slower sales, and steady borrowing costs continued to shape a quiet, buyer-friendly market heading into year-end.  Quebec (province-wide)  In November 2025, home sales remained stable at around 16,000 transactions, with activity holding near last year’s levels despite regional differences. Inventory increased modestly, driven mainly by rising listings in major centres like Montréal. Median prices continued to trend upward province-wide: single-family homes rose to roughly C$635,000, condos held near C$425,000, and plex prices climbed to about C$855,000, supported by strong demand for multi-unit properties. Overall, the market stayed balanced, with supply improving and prices remaining resilient heading into year-end.  Discover more here:Download Now!

Written by Yousaf Iqbal, Head of IQI Canada Canada  Canada’s Housing Market in September 2025: Signs of Stability Amid Affordability Pressures  In September 2025, Canada’s housing market showed signs of cautious stabilization. National average home prices edged up slightly by 0.2% to C$674,000, though they remained 1.8% lower than the previous year. Sales rose 3.1% month-over-month, buoyed by interest rate cuts and an increase in listings. Yet, affordability continues to be a challenge, with mortgage costs still 35% higher than in 2019. On the rental side, prices declined for the third consecutive month, thanks to an uptick in housing completions, offering modest relief to tenants. While the market is showing early signs of recovery, it remains sensitive to affordability constraints.  At the city level, Toronto (GTA) saw a 2.3% rise in home sales and a 9.4% increase in listings in August 2025, expanding supply and making the market more competitive. Prices, however, fell by 5.2% to an average of $1.02 million, as affordability pressures persisted. In Greater Vancouver, September sales were up 1.2% year-on-year, but the sales-to-active listings ratio of 11.3% signalled mild downward price pressure. Meanwhile, Quebec stood out with a 12% year-on-year surge in transactions—the strongest September since 2020—driven by an 18% rise in listings and stable inventory. Prices climbed across all property types, underscoring strong seller conditions in the province.  Source by FSMI  Discover more country insights here!Download

written by YOUSAF IQBAL, Head of IQI Canada Canada’s housing market remained steady yet subdued in August 2025. The national average home price edged up to C$672,800, but experts still anticipate a 2% annual decline. Affordability remains a major challenge, with recovery to pre-pandemic levels not expected for at least two years, even amid interest rate cuts. A growing housing supply is easing pressure on prices, encouraging cautious re-entry from first-time buyers. Meanwhile, rental growth has softened due to reduced immigration, contributing to a more balanced but affordability-constrained environment for both buyers and investors.  Regionally, market dynamics vary. In the Greater Toronto Area (GTA), sales rose by 2.3% and listings increased 9.4%, while average prices dropped 5.2% to $1.02 million—creating a more competitive landscape. Metro Vancouver saw a 2.9% increase in sales and a 17.6% surge in listings, but benchmark prices fell 3.8% year-on-year to $1.15 million. Detached and townhouse segments saw improvement, while apartment demand lagged. In contrast, Quebec had its busiest August since 2020, with a 10% rise in transactions and strong price growth across all property types, reinforcing its status as a seller’s market.  Source by FSMI  For more countries updateDownload Now!