We're seeing encouraging signs that Canada’s real estate market is beginning to recover, with sales activity improving, inventory stabilizing, and early upward movement in prices after a period of sharper declines. Projections suggest that for 2026, sales may dip by about 4% to roughly 453,000 homes, and average reference prices could ease by around 2% to approximately $794,000. Looking ahead to 2027, a stronger rebound is anticipated: sales are expected to rise 7% to about 484,000 units, with benchmark prices nudging up to nearly $801,000 nationwide. Recovery won’t be the same everywhere—Ontario and British Columbia look set to lag, and ample condo supply in Toronto and Vancouver will likely keep that segment under pressure. This isn’t a sudden boom, but rather a careful transition from correction to recovery. For those considering buying or selling in the coming years, these evolving conditions might offer some new opportunities as the market finds its footing. As someone who’s been guiding clients through changing markets since 2010, I know that clarity and confidence are key to successful real estate decisions.
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