Canada’s housing market is showing steady signs of recovery, but don’t expect a dramatic boom just yet. Since early Q2, we’ve seen resales gaining momentum, inventory evening out, and prices finding more stable ground—or, in some cases, softening at a slower pace. According to recent bank forecasts, 2026 could bring a modest dip in home resales by about 4% (down to 453,200 units) and a slight decrease in benchmark prices by 2% (to $794,200). Looking ahead to 2027, the outlook brightens a bit, with a projected 7% increase in resales (up to 483,600) and a gentle rise in benchmark values—just under 1%—to $800,700.
One factor supporting this gradual recovery is pent-up demand: it’s estimated that more than 400,000 households across Canada may have delayed forming since 2019, holding off on buying decisions. The road ahead will depend on improved affordability, consistent economic growth, and renewed confidence among buyers. It’s also worth noting that while interest rates seem to have bottomed out, global trade tensions could still throw a curveball into the mix.
As someone who helps clients navigate Calgary’s residential, commercial, and rural real estate markets, I’m always keeping an eye on these trends to help homeowners and investors make informed decisions. Staying attuned to these shifts is key to finding opportunities—whether you’re considering a new home or your next investment move.
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