Sales of newly completed condominiums in the Greater Toronto Hamilton Area fell last year to the lowest level since 1991, as a record 28 active condo projects were cancelled.

Return-to-office mandates are having a major impact on leasing, as vacancy has dropped in the majority of markets nationwide, according to a new report.

The Canadian Real Estate Association (CREA) has updated its 2026 forecast for home sales activity and average home prices via the Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations and extended the outlook to include 2027.