□ 2025–2026 Canadian Housing Market Forecast
Sarah Colucci
Mortgage Agent Level 2 | Sherwood Mortgage Group | Broker #12176
Serving Toronto • Vaughan • York Region • Durham • Peel
Market Overview
According to RBC Economics, Canada’s housing market is expected to strengthen in 2026 as borrowing costs decline and buyer sentiment recovers. The Greater Toronto Area (GTA) continues to see solid underlying demand despite short-term price softness.
The average GTA home price sits near $1.11 million (-3.5% YoY). With interest rates easing and more listings available, both buyers and refinancers have opportunities to act strategically.
Up 7.9% from 2025 — approaching pre-pandemic averages.
Detached homes down 1.2%, condos down 7.4%.
Refinancing from 5.49 % can save ≈ $450/month on a $500K mortgage.
Key Insights for Homeowners & Buyers
- □ Refinance Now: Secure lower payments and improve cash flow with today’s 3.99 % rates.
- □ Buyers’ Advantage: More inventory means better choice and negotiation power.
- □ Stable Outlook: 2026 is forecast to bring gradual recovery and moderate price growth.
- □ Investors: Rental markets remain resilient with strong institutional demand.
Regional GTA Highlights
- Toronto Core: Condo values softening ≈ 7 % YoY; new affordability for first-time buyers.
- York & Peel: Detached homes stabilizing amid balanced supply levels.
- Durham & Halton: Continued migration fueling suburban demand.
- Simcoe & Niagara: Growth corridors benefiting from remote-work trends.
Contact Sarah for Personalized Advice
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