After 15 years helping families find their place in Muskoka, I’ve seen a few market cycles—and this one is shaping up a little differently. Canada’s housing market is showing signs of recovery since early Q2, with resales picking up, inventories steadying, and prices either holding firm or easing more gradually. Still, the latest bank outlook suggests we’re in for a steady climb, not a sudden surge: they expect home resales to dip about 4% to 453,200 in 2026, along with a 2% decrease in benchmark prices to $794,200. By 2027, the forecast shifts—resales are projected to rise roughly 7% to 483,600, and benchmark values may nudge up just under 1% to $800,700. So, we’re talking about a measured recovery across Canada, not a boom.
One factor to watch is pent-up demand. The bank estimates that more than 400,000 Canadian households haven’t formed since 2019, as many postponed buying—something I’ve heard from both first-time buyers and families waiting for the right moment. The road ahead will hinge on affordability, steady growth, and people regaining confidence. While rates seem to have settled, trade tensions could still throw a wrench into progress. As always, my approach is to keep you informed, so you can make your next move with clarity and confidence.
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