After a period of pronounced declines, Canada’s real estate market is beginning to show signs of recovery. Recent trends point to steadier inventory, improved sales activity, and modest price gains—developments that many of us in the industry have been watching closely. For 2026, forecasts suggest sales may dip roughly 4% to about 453,000 homes, with average reference prices softening by around 2% to approximately $794,000. By 2027, however, projections anticipate a 7% increase in sales (to about 484,000 units) and a slight rise in benchmark prices to nearly $801,000 nationwide.
It’s important to note this recovery will not be uniform across all regions. Ontario and British Columbia are expected to trail behind the national curve, and the condo markets in Toronto and Vancouver remain under pressure due to ongoing supply challenges. As someone who has represented clients throughout Greater Vancouver since 2010, I see this as a transition phase—more a shift from correction to recovery rather than a sudden return to boom conditions. For buyers, this evolving landscape may present more favorable opportunities as conditions continue to improve gradually.
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