As we look ahead to the next few years, it’s clear that Canada’s housing market is beginning to find its footing. Early signs—like steadier inventory, improved resale activity, and price stabilization—signal that buyer confidence is returning, largely thanks to improving affordability and strong employment trends. One important question remains: how quickly will those who sat out the recent uncertainty step back in, especially now that many are in a stronger financial position? The forecast for 2026 points to a slight dip in resales (down around 4% to 453,000) and a modest decrease in benchmark prices (down about 2% to $794,000), before things start to pick up again in 2027. With borrowing costs hovering near their lows and the central bank expected to keep rates steady, there’s cautious optimism—though potential trade issues and energy volatility are still risks. Recovery is expected to reach all provinces by 2027, but the path forward is likely to be irregular, rather than a sweeping turnaround. In my experience working with clients across Greater Vancouver, these market shifts highlight the importance of staying informed and adaptable as the landscape evolves.
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