Canada’s Real Estate Recovery Takes Shape

We're seeing the first real signs of a housing market recovery across Canada. After a tough period of sharper declines, sales and inventory are stabilizing—and there are even early price upticks. Looking ahead, projections for 2026 suggest sales might dip about 4% to around 453,000 homes, with average reference prices easing by about 2% to roughly $794,000. By 2027, though, sales are expected to climb by 7% to approximately 484,000 units, and benchmark prices could nudge up by less than 1% to about $801,000 nationwide. It’s important to note this recovery isn’t uniform: markets in Ontario and British Columbia are still lagging, and condo supply in Toronto and Vancouver continues to put pressure on that segment. Overall, this feels less like a boom and more like a transition from correction to recovery—which means buyers may find new opportunities as the market continues to shift. In Greater Vancouver, I’m closely watching how these trends unfold in neighborhoods like Central Lonsdale, Downtown Vancouver, and Coquitlam, keeping clients informed as conditions evolve.