National Market Remains Under Pressure

Canada’s housing market remained subdued in August 2026, with national home prices down 3.3% year-on-year. High borrowing costs, economic uncertainty and weaker buyer demand continued to weigh on activity, although sales showed some early signs of stabilisation. 

In the Greater Toronto Area, new listings fell 14.1% year-on-year, while sales declined 2.1%. The reduction in available homes is limiting buyer choice and increasing competition in selected areas. The average selling price stood at $993,410, down 2.7%, while the benchmark price declined 4.5%. 

Despite weaker prices, tightening inventory and improving economic conditions could provide support for the Toronto market, with price growth potentially returning if demand strengthens in the coming months. 

Vancouver Faces Ample Supply and Softer Demand

Metro Vancouver also remained soft, with sales falling 4.6% year-on-year and sitting 20.7% below the 10-year seasonal average. New listings declined 3%, although overall inventory remained 26.2% above the 10-year average, giving buyers relatively broad choice. 

Slower sales continued to pressure values, with the benchmark home price declining 5.6% year-on-year to $1.082 million. Detached homes and apartments experienced sharper price declines, while townhouse sales showed slightly stronger resilience. 

Outlook

Canada’s housing market is likely to remain selective and price-sensitive in the near term. Toronto’s tightening inventory may support gradual stabilisation, while Vancouver continues to favour buyers through higher inventory and softer pricing. A broader recovery will depend on improved affordability, stronger confidence and a sustained improvement in housing demand.

The contents of this article were contributed by Yousaf Iqbal, Head of IQI Canada.

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Major Markets Lose Momentum

Canada’s housing market remained relatively balanced in July 2026, as buyers stayed cautious despite improved borrowing conditions. Sales and new listings slowed across major markets, while prices continued to soften in several regions.

In the Greater Toronto Area, sales fell 0.9% year-on-year, while new listings dropped a much sharper 17.8%. The average selling price declined 4.5% to C$1,003,956, although reduced supply has begun increasing competition among buyers.

Metro Vancouver also slowed, with home sales falling 9.8% year-on-year to 2,061 transactions. New listings declined 11.5%, while the composite benchmark price fell 6.2% year-on-year to C$1,088,800. Apartment sales recorded the largest drop, down 17.8%. 

Quebec Shows a Different Pattern

Quebec also experienced softer transaction activity, with total sales down 6% year-on-year in July. However, active listings increased 19%, giving buyers more choice.

Price trends were more mixed. The median price for single-family homes increased 3% to C$505,000, while plex properties recorded an 8% increase to C$690,000. Condominium activity was weaker, with sales falling 16% and median prices edging down 1%.

The figures highlight how Canada’s housing adjustment is increasingly varying by region and property type.

Outlook

Canada’s market is likely to remain balanced but selective in the near term. Toronto and Vancouver may continue facing price pressure as demand adjusts, although tighter new supply could provide some support.

For buyers and investors, opportunities will increasingly depend on local inventory, property type and pricing, rather than broad national market trends.

The contents of this article were contributed by Yousaf Iqbal, Head of IQI Canada.

The post Canada Property Market 2026: Buyers Stay Cautious as Major Markets Cool appeared first on IQI Blog.

Canada’s Housing Market Regains Momentum

Canada’s housing market strengthened in June 2026 as lower borrowing costs, improving affordability and growing consumer confidence encouraged more buyers to return.

The recovery was particularly visible in Toronto and Vancouver, where sales increased while the supply of newly listed homes declined. This combination points to improving demand, although market conditions remain different across provinces and property types. 

Toronto and Vancouver Lead the Recovery

The Greater Toronto Area recorded 6,770 home sales, representing a 9.4% year-on-year increase. At the same time, new listings fell 12.9%, while active listings declined 13.5%.

Toronto’s average home price reached $1,058,658, down 3.9% year-on-year. This suggests buyers are returning to the market, but price sensitivity continues to shape purchasing decisions.

Metro Vancouver also recorded renewed momentum. Residential sales rose 9.6% year-on-year to 2,390 transactions, while new listings decreased 6.0%.

Demand strengthened across detached homes, townhouses and apartments. Apartments generated the highest number of sales at 1,103 transactions, with a benchmark price of $695,200.

Quebec presented a more mixed picture. Total residential sales declined 4% year-on-year to 8,492, while active listings increased 18%. However, median prices remained resilient, with single-family homes rising 3% to $515,000and condominiums increasing 1% to $409,500.

Outlook

Canada’s housing recovery is likely to remain gradual and regionally uneven.

Toronto and Vancouver may continue benefiting from stronger buyer confidence and tighter new supply. However, buyers are expected to remain selective, especially where affordability remains challenging.

Markets with balanced pricing, improving financing conditions and limited inventory should be better positioned to maintain momentum through the second half of 2026.

The post Canada Housing Market Outlook 2026: Buyer Activity Strengthens in Toronto and Vancouver appeared first on IQI Blog.

Canada Housing Market Shows Improving Stability

Canada’s housing market continued to stabilise in May 2026, with buyer activity gradually strengthening across many regions. Lower borrowing costs, improving affordability and stronger homebuyer confidence supported greater market participation during the spring season.

Nationally, conditions remained relatively balanced. Inventory levels continued to give buyers ample choice, while home prices generally stayed below year-ago levels. This helped keep affordability in focus and prevented competition from rising too quickly.

However, tightening supply in selected markets and improving sales activity suggest that Canada’s housing market may be moving closer to equilibrium.

Toronto Gains Momentum, Vancouver Remains Balanced

The Greater Toronto Area showed stronger momentum in May. Home sales increased 6.3% year-on-year to 6,583 transactions, while new listings fell 18.9% compared with May 2025.

Even as market conditions tightened, buyers still benefited from softer pricing. The MLS® HPI Composite benchmarkwas down 6.7% year-on-year, while the average selling price reached $1,069,700, down 4.6% from a year earlier.

In Metro Vancouver, the market remained more balanced. Residential sales totalled 2,150 transactions, down 3.5% year-on-year, while new listings declined 7.6%.

Inventory remained elevated, with active listings more than 34% above the region’s 10-year average. The benchmark price for all residential properties stood at $1,100,700, down 6.2% year-on-year, giving buyers more selection and keeping price growth contained.

Outlook

Canada’s housing market is expected to move toward steadier conditions in the coming months. If buyer demand continues to recover and supply tightens further in key cities, price declines may moderate.

For buyers, the current market still offers choice and negotiating room. For sellers, improving activity is positive, but realistic pricing remains essential.

The post Canada Property Market July 2026: Stability Improves as Buyer Confidence Returns appeared first on IQI Blog.

Canada’s housing market is beginning to stabilise in 2026 as lower prices, improving affordability, and reduced borrowing costs gradually bring buyers back into the market. While elevated inventory levels continue to provide buyers with negotiating power, improving sales activity suggests confidence is slowly returning after a challenging period for the sector.

Toronto: Sales Activity Improves

One of the clearest signs of recovery can be seen in Toronto, where home sales rose 7% year-on-year to 5,946 transactions. Although new listings declined and benchmark prices remain below last year’s levels, market conditions have started tightening as buyer activity improves. This suggests that demand is gradually returning, supported by better affordability and easing financing conditions.

Vancouver: Detached Homes Lead Market Confidence

In Vancouver, market performance remains mixed, but detached homes are showing encouraging signs of strength. Detached home sales increased 14%, indicating renewed confidence among buyers seeking larger properties. While benchmark prices remain lower than a year ago, values continue to hold above long-term averages, reflecting the underlying resilience of the market.

Market Conditions Remain Balanced

Across Canada, elevated housing inventory continues to create a balanced market environment. Buyers still have room to negotiate, while sellers are adjusting expectations in response to changing demand patterns. This balance is helping support a healthier market recovery compared to the rapid price growth seen in previous years.

The combination of improving affordability, lower borrowing costs, and stable inventory levels is creating a more sustainable foundation for long-term market growth.

Outlook

Canada’s housing market is expected to continue its gradual recovery through the second half of 2026. While price growth is likely to remain moderate, improving affordability, lower financing costs, and returning buyer demand should support stronger activity across major markets. If economic conditions remain stable, Toronto and Vancouver could lead the next phase of market improvement, while balanced inventory levels help maintain market stability.

The post Canada Housing Market Stabilises as Buyer Confidence Gradually Returns appeared first on IQI Blog.

Canada’s housing market showed signs of stabilisation in March 2026, as national conditions moved closer to balance. Improved affordability and stronger seasonal demand helped support prices after previous declines, giving buyers and sellers a more stable market environment.

Toronto Market Tightens

In the Greater Toronto Area, sales reached 5,039, up 1.7% year-on-year, while new listings fell 16.7% year-on-year. This shows that supply is dropping faster than demand. Although prices were still down annually, they remained stable month-on-month, suggesting that a price floor may be forming.

Vancouver Remains Balanced

Metro Vancouver recorded 2,032 sales, down 2.8% year-on-year, while new listings fell 10.3% year-on-year. However, active listings remained high at 14,774, around 38% above average. This gives buyers more choice and keeps price growth limited for now.

Buyers Still Hold Negotiating Power

Compared with 2025, buyers continue to benefit from more options and stronger negotiating power. However, as the spring market progresses and supply adjusts, conditions may begin to tighten gradually in selected cities.

Outlook

Canada’s housing market is likely to remain more balanced in the near term, with different cities moving at different speeds.

Toronto may see stronger support if supply continues to fall, while Vancouver could stay steady due to higher inventory. For buyers, this remains a useful window to compare options, negotiate carefully and enter the market before conditions tighten further.

The post Canada Housing Market Shows Early Signs of Recovery in May 2026 appeared first on IQI Blog.

Canada’s Housing Market Is Moving Toward Balance

Canada’s housing market in early 2026 is slowing but stabilising, as rising inventory and moderating prices bring the market closer to balance. While overall activity has softened, this shift is creating more opportunities for buyers who were previously priced out.

Home sales have declined year-on-year, while average prices have eased slightly. At the same time, inventory has risen to around 140,000 listings, with nearly five months of supply, giving buyers more options and reducing urgency across the market.

Toronto

Toronto is showing mixed signals. Sales remain relatively steady, but new listings have dropped sharply, tightening supply in certain segments. Prices continue to adjust, although strong underlying demand suggests potential recovery if inventory tightens further.

Vancouver

In Vancouver, higher inventory continues to put pressure on the market. Sales activity remains below historical averages, while benchmark prices have declined as supply outweighs demand. This reflects more cautious buyer sentiment, particularly in higher-priced segments.

Overall, Canada’s housing market is transitioning into a more balanced phase. With improved supply, softer pricing, and steady demand, the current environment offers greater flexibility and entry opportunities for buyers and long-term investors.

Quebec

Source: GVR Residential Market Report – January 2026

The post Canada Housing Market Slows as Inventory Rises and Prices Ease appeared first on IQI Blog.

Canada  

Canada’s housing market started 2026 with softer sales and more balanced supply compared to prior years. Total home sales in 2025 fell 1.9% from 2024, and the MLS® Home Price Index was down about 4% year-over-year by year-end.  

CREA forecasts a modest rebound in 2026, with sales expected to rise 5–7% and average prices reaching around $690,000 to $700,000. The market remains stable, supported by improved affordability and steady buyer confidence.  

Toronto  

GTA REALTORS® reported 3,082 home sales in January 2026, down 19.3 per cent compared to January 2025, while new listings totaled 10,774, a 13.3 per cent year-over-year decline. On a seasonally adjusted basis, sales decreased month-over-month as listings edged slightly higher.  

The MLS® HPI Composite benchmark fell eight per cent year-over-year, with the average selling price at $973,289, down 6.5 per cent from January 2025. TRREB’s 2026 Market Outlook and Year in Review Report also highlights broader trends across the GTA’s residential and commercial real estate markets.  

Source: https://trreb.ca/wp-content/files/market-stats/market-watch/mw2601.pdf   

Vancouver  

Metro Vancouver home sales on the MLS® dropped 28.7% year-over-year in January 2026 to 1,107 units, well below the 10-year average. New listings declined 7.3% to 5,157 but remained above historical norms, pushing active listings up nearly 10% to 12,628.  

The sales-to-active listings ratio stood at 9.1%, signaling continued downward pressure on prices. The MLS® Home Price Index benchmark fell 5.7% to $1,101,900. Detached, apartment, and attached home sales and prices all saw double-digit declines compared to January 2025. GVR expects 2026 to mirror last year with subdued sales, high inventory, and stable prices amid ongoing economic uncertainty.  

Source: https://members.gvrealtors.ca/news/GVR-Stats-Package-January-2026.pdf  

Quebec  

Source: https://apciqca-152af.kxcdn.com/wp-content/uploads/sites/4/2026/02/stats-202601-en-1.pdf 

The post Canada Housing Market 2026: Softer Sales in Toronto & Vancouver, Modest Rebound Ahead appeared first on IQI Blog.

Canada’s real estate market closed 2025 in a more balanced and stable position, supported by earlier interest rate cuts, easing inflation, and gradually improving buyer confidence.

Across major cities, conditions varied but remained resilient: the GTA saw steady demand within a well-supplied market, Vancouver experienced elevated inventory with limited price pressure, and Montreal continued to outperform, driven by favourable financing conditions and population growth.

Overall, the national market ended the year on solid footing, setting a measured tone for 2026.

At the city level, Toronto closed December 2025 with lower year-on-year sales and prices, but rising listings and improving affordability are positioning the market for a potential recovery once economic confidence
strengthens. Vancouver remained firmly buyer-friendly, with high inventory levels and softer sales keeping conditions balanced-to-soft. Quebec continued to show resilience, with stable transaction activity and price growth supported by strong demand for multi-unit and urban housing. Taken together, Canada’s housing market is entering 2026
with greater stability, improving affordability trends, and pent-up demand that could support activity as confidence returns.

The post Canada Housing Market Update:Stability Builds Heading into 2026 appeared first on IQI Blog.

Written by Yousaf Iqbal, Head of IQI Canada 

In November 2025, Canada’s housing market showed early signs of renewed momentum as national home sales rose and prices began to stabilise.

The national average home sale price reached about C$690,195, up modestly month-over-month and down only around 1.1% compared with last year — narrowing the year-over-year drop.

With sales climbing and listings somewhat pressured, the supply-to-demand balance remained within historically “normal” bounds.

Interest rates set by the Bank of Canada at 2.25% have kept borrowing costs moderate, creating a modest boost to affordability — though many markets remain expensive for first-time buyers. 

Toronto (GTA) 

In November 2025, GTA home sales dropped 15.8% year-over-year to 5,010 transactions, with new listings down 4% to 11,134, as many buyers stayed cautious amid economic uncertainty. Prices continued to ease: the MLS® HPI Composite fell 5.8% annually, and the average selling price declined 6.4% to $1,039,458. On a seasonally adjusted basis, both sales and listings edged slightly lower from October, while prices held mostly steady. With borrowing costs lower and improving job data, confidence is expected to gradually build heading into 2026. 

Vancouver

In November 2025, Metro Vancouver home sales dropped 15.4% year-over-year to 1,846, while active listings climbed 14.4% to 15,149, keeping conditions firmly in buyers’ territory. New listings edged down 1.4% to 3,674, though overall inventory remained well above long-term averages. The MLS® HPI benchmark fell 3.9% annually to $1,123,700, with detached, attached, and apartment prices all softening slightly from last year. Ample supply, slower sales, and steady borrowing costs continued to shape a quiet, buyer-friendly market heading into year-end. 

Quebec (province-wide) 

In November 2025, home sales remained stable at around 16,000 transactions, with activity holding near last year’s levels despite regional differences.

Inventory increased modestly, driven mainly by rising listings in major centres like Montréal.

Median prices continued to trend upward province-wide: single-family homes rose to roughly C$635,000, condos held near C$425,000, and plex prices climbed to about C$855,000, supported by strong demand for multi-unit properties.

Overall, the market stayed balanced, with supply improving and prices remaining resilient heading into year-end. 

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