Provincial Housing Markets Diverge as Saskatchewan Leads and Ontario, B.C. Lag Behind

Canada’s housing market shows regional contrasts heading into 2026. The Prairies and Atlantic Canada lead a modest recovery, while British Columbia and Ontario face oversupply and affordability issues. National home sales fell 6.1% in early 2025 but rebounded later, prompting a forecast of gradual growth. Saskatchewan and Manitoba see strong markets; Alberta and Quebec remain balanced. B.C. and Ontario expect price declines and slow recovery. Risks include sales slowdowns and trade uncertainties.