CREA forecasts 444,530 residential properties will trade through Canadian MLS® Systems in 2026, a 5.2% decline from 2025, mainly due to higher fixed mortgage rates and uncertainty over variable rates. The national average home price is forecast to rise 0.2% to $681,681 in 2026, with Ontario down 3% and British Columbia down 0.8%, while Newfoundland and Labrador (+5.7%) and Saskatchewan (+5%) post the largest gains. In 2027, home sales are forecast to climb 4.4% to 464,235 units and the average price to rise 1.2% to $689,909. The forecast assumes limited action by the Bank of Canada, which markets are pricing at roughly 100 basis points of hikes over the next year, while the current consensus leans toward smaller increases than that.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on manilatimes.net ↗
Related tickers and likely impact
USD/CAD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/15/2026 | 1.41850 |
| Change that session | -0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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