Our second GVR Economics housing market forecast for 2026 recalibrates our projections based on the latest sales data showing a slightly softer than expected market in the first half of the year.
But the view from here remains unclear. Uncertainty in the economy due to consumer confidence, trade tensions, and more, could further impact the housing market.
Check out the report below to get a better understanding of where the residential market may be heading in 2026.
2026 H2 Residential Market Forecast
Open FullscreenKey facts
- Sales have tracked relatively close to our H1 Residential Market Forecast so far this year, while prices have declined moderately.
- Inflationary concerns have increased the odds of the Bank of Canada raising interest rates, but it remains unlikely by the end of the year.
- If the current trends continue, a gradual reduction in inventory may provide modest support to prices through the end of the year.