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Home sales, prices slow in the fall, but expected to recover in 2026

6 days ago

Home sales, prices slow in the fall, but expected to recover

A series of housing market reports released this week show continuing challenges for both home sales and prices Canada-wide. But the national market is expected to recover in 2026, driven by years of pent-up demand and further interest rate cuts.

Toronto buyers, sellers navigate a frustrating market

Buyers and sellers in the Toronto-area housing market are navigating a rocky landscape this fall as prices slide and strategies shift. Robin Pope, broker with Pope Real Estate, says the tough market is baffling for buyers and disheartening for sellers.

Feds in ‘active’ talks on lowering development charges

Federal Housing Minister Gregor Robertson says there are “active” discussions underway on the government’s campaign promise to lower development charges and more news is expected in the coming weeks.

Ten charts that explain Canada's housing markets

Even with prices declining, homes are still prohibitively expensive for many buyers. Various metrics show that affordability has improved, but not by much. Canada’s housing crisis isn’t going anywhere, despite taking a back seat to trade concerns of late.

Housing costs warm London-area to modular homes

Difficulties attaining home ownership appear to be making people in the London area more receptive to owning pre-fabricated homes, according to a new survey done by Nanos Research for the region’s realtors.

Feds launch modular housing program at Downsview

The federal government will use Toronto’s Downsview Park neighbourhood as a test case for its big bet on modular housing. The 540 homes announced on Tuesday are the first step in the federal government’s plans to build 4,000 new homes.

Why micro condos will survive the current downturn

Harley Nakelsky, president and partner at Baker Real Estate, rejects some of the negative language surrounding smaller Toronto units, which typically check in at around 400 square feet. “I actually think there is a massive need for them," he said.

As condo sales slump, Surrey developers press pause

As the City of Surrey looks to build 13,000 housing units by 2026 to accommodate its growing population, city officials say this year there's been a drop in high-density condo development applications making their way through city hall.

B.C. entering an era of housing restraint

Housing market conditions in B.C.’s Lower Mainland remained sluggish through September. After recovering in recent months following a tariff uncertainty induced spring slowdown, home sales look to have crested again.

Record home sales in Sudbury, Timmins last month

Real estate markets in Greater Sudbury and Timmins set new records in September, with home sales remaining strong across most major markets in northeastern Ontario. In Sudbury, the dollar value of all homes sold was a record $146.8 million.

What to ask your mortgage broker before buying a home

Before you commit to a lender, it’s essential to ask the right questions. Doing so ensures you understand your options, avoid hidden costs, and get a mortgage that fits your needs and goals. 

Corcoran Horizon opens new Hamilton office

Corcoran Horizon Realty has announced the opening of its newest office in the city of Hamilton. Led by CEO and broker of record Cliff Rego, this expansion is part of the brokerage’s continued growth across Ontario. 

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