Canada’s housing market ‘finally’ moving toward recovery this year: RBC

RBC Economics has released a report indicating that Canada's housing market appears to be "finally taking steps" toward recovery in 2026. However, the recovery is expected to be uneven across the country, with lingering effects from market corrections in Ontario and British Columbia. RBC's assistant chief economist, Robert Hogue, notes that this turnaround has come too late to prevent declines in home resales and prices this year.

According to the report, sales are predicted to grow by 6.7 per cent to 483,600 units and home values to rise by 0.8 per cent to $800,700 by next year. Yet, the report cautions that a broad turnaround is not guaranteed due to potential risks to the Canadian economy, such as escalating U.S. trade tensions and conflicts in the Middle East.

This report, provided by The Canadian Press, was initially published on September 1, 2026, with additional details from Daniel Johnson of The Canadian Press.