Canadian Home Sales Growth Forecast Downgraded to 1 Percent

Residential property sales in Canada are now expected to reach 474,972 units in 2026, representing a 1 percent increase over 2025. This is a downgrade from the January forecast of 5.1 percent growth. The national average home price is forecast to rise 1.5 percent to $688,955 in 202s6, which is approximately $10,000 lower than predicted in January. These adjustments follow a tepid economic start to the year and rising global economic uncertainty. Higher inflation has increased the probability of a rate hike in 2026 and caused fixed mortgage rates to jump. The Canadian Real Estate Association issued these revised forecasts.