Set For a Slow Rebound In 2026
Eeasing borrowing costs expected to lure sidelined buyers back into the market
A new Royal LePage forecast suggests the country is in for a restrained but steady recovery, with affordability gradually improving and more Canadians prepared to re-enter the market. The firm age projects the national aggregate home price will edge up just 1% year over year to $823,016 by the end of 2026.
“Solid market fundamentals – including lower interest rates, increased supply, and reduced competition – have created a more favourable environment for consumers,” says Phil Soper, president and CEO of Royal LePage, adding that buyers in high-priced regions have a “rare window to act on their home ownership plans at reduced prices,” though any bounce back in values will likely be small.
However, Toronto and Vancouver are expected to move in the opposite direction with Royal LePage predicting home values in the GTA will fall 4.5% in 2026, while Greater Vancouver prices are expected to decline 3.5%.
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