There’s a sense of cautious optimism building in Canada’s housing market. Recent data shows some positive movement: resales are picking up, inventory is holding steady, and prices are leveling out as affordability and job stability help rebuild buyer confidence. One of the big questions I’m watching is how quickly those who’ve been waiting on the sidelines—many of whom have strengthened their financial position—will feel ready to step into the market. For 2026, forecasts point to a roughly 4% dip in resales, down to about 453,000 units, and a 2% decrease in benchmark prices to approximately $794,000. Modest gains are expected to return in 2027. Borrowing costs are likely nearing their lows, with the central bank expected to hold rates, but there are still risks like trade tensions and potential energy price spikes that could affect this momentum. Looking ahead, every province is projected to see both resales and prices rise in 2027—though the recovery is expected to be steady and gradual, not dramatic. As always, I’m here to offer honest, practical guidance for navigating these shifts, especially if you’re weighing your options in the Greater Vancouver market.
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