Canada’s housing market is showing steady signs of recovery, though it’s clear we’re not headed for a typical boom. Since early Q2, we’ve seen improvements in resales and a stabilization of inventory, with prices either holding steady or easing at a slower pace. According to recent bank forecasts, 2026 may see home resales dip by about 4% to 453,200 and benchmark prices ease by around 2% to $794,200, even as the market trend improves. Looking into 2027, the forecast points to a 7% increase in resales (up to 483,600) and a modest benchmark value rise of less than 1% to $800,700. This signals a recovery—just not the kind of surge some might hope for. One of the big drivers in our market, especially in areas like Vancouver’s North Shore, is pent-up demand; it’s estimated that more than 400,000 Canadian households have delayed forming since 2019 as many waited before making a move. The road ahead will depend on affordability, steady economic growth, and renewed confidence. Rates may have bottomed out, but ongoing trade tensions mean there’s still a lot to watch. As someone who calls the North Shore home and helps clients navigate every phase of the market, I’m keeping a close eye on these trends to guide your next move with clarity.
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