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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.

Looking ahead to 2027, we're likely to see some key shifts in Canada's housing landscape. According to CMHC, improving incomes and a strengthening economy should gradually ease current pressures, though sales volumes are expected to remain below the highs of the past decade. CREA is also forecasting only modest national price growth—signs point to a period of stabilization rather than another price surge. For buyers, higher inventory and softer demand in certain markets could open up more room for negotiation. In my experience advising Calgary clients—whether you're looking to buy, sell, or invest—being informed about these trends is essential for making confident decisions. Every market cycle brings its own set of opportunities, and I believe in tailoring strategies to fit your unique goals.

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Navigating Alberta’s new home warranty requirements is essential for both buyers and sellers in today’s market. Since February 1, 2014, every new home in Alberta must carry warranty coverage—and this coverage stays with the property, even if it’s resold. The warranty clock starts ticking at occupancy, permission to occupy, or title transfer—whichever comes first. With seven different warranty providers in the province, municipalities are diligent about confirming that builders are licensed and properly covered before issuing permits. Since December 1, 2017, all new-home builders have needed to hold an active license, and homes built after February 1, 2014 can’t be listed or sold until the warranty is officially registered. As real estate professionals, we’re responsible for verifying this coverage before any transaction moves forward. For peace of mind, Alberta’s property registry makes it easy to check warranty details on both homes and builders before listing, buying, or selling. Having supported clients across Calgary with residential, commercial, and rural properties, I’ve seen firsthand how understanding these requirements can protect your investment and smooth your real estate journey.

As the Canadian housing market looks ahead to a potential recovery by 2027, I’ve been keeping a close watch on the early signs of change. In recent months, we’ve seen resales pick up, inventory levels flatten, and home prices begin to stabilize. These shifts, supported by improving affordability and a strong employment backdrop, are gradually restoring confidence among buyers—many of whom had paused their plans but now seem ready to move forward, thanks to stronger savings and job security.

The forecast for 2026 points to a slight dip: resales could decrease by about 4% to 453,000, and benchmark prices may soften by roughly 2% to $794,000. However, these changes pave the way for modest growth returning in 2027. With borrowing costs near their lowest and expectations that the central bank will hold rates steady, there’s cautious optimism—though trade tensions and energy price shocks remain risk factors that could impact momentum.

Looking further ahead, the outlook calls for both resales and prices to rise in every province come 2027. That said, the recovery is set to be gradual and uneven, rather than a sweeping turnaround. For buyers, sellers, and investors in Calgary and beyond, it’s a time to watch the market closely and plan thoughtfully, considering both the challenges and the emerging opportunities.