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.

After a bumpy few years for Canada’s commercial real estate market, experts in the space are seeing cautious cause for optimism in 2026 and some signs that a better year could be ahead.

Province says inclusionary zoning deters construction, opposition says affordable units sorely needed

Canadian home sales dipped 2.7% month over month in December 2025. For the full year, MLS® transactions totalled 470,314 units, down 1.9% from 2024, reflecting a volatile year marked by early tariff-related buyer pullback, a mid-year rebound, and a slower finish.

Canada’s housing market headed into 2026 with more opportunity than urgency, as lower borrowing costs met wary buyers and uneven regional price trends.

Hiring remained soft and unemployment ticked higher, but the central bank still isn't expected to cut soon

Don’t expect the sector to rebound anytime soon despite falling prices

Asking rents in Canada fell 2.3% year-over-year in December to an average of $2,060, marking a full calendar year of declines as prices reached their lowest level in 30 months.

Don’t count on rate cuts anytime soon, said banking giant.

Ontario home prices fell significantly over the past two years and some experts are advising prospective home buyers to sit tight and watch as further drops are expected in 2026.

The Canadian office vacancy rate dipped last year for the first time since the pandemic as the return-to-office trend accelerated, said a report out Wednesday from CBRE Ltd.

Annual Greater Toronto Area (GTA) home sales declined in 2025 compared to 2024, as economic uncertainty weighed on consumer confidence. Over the same period, listing inventory remained elevated, allowing for selling prices to be negotiated downward, helping improve affordability.

Greater Toronto home sales fell again on an annual basis last month, as buyers remained on the sidelines much like they did for the majority of the year amid a lack of confidence in the economy.

The Bank of Canada appears to have reached the end of its cutting cycle as 2025 drew to a close, a shift that carries clear implications for mortgage borrowers heading into 2026.

Commercial real estate firms say the return-to-office trend seems poised to ramp up into the new year, with landlords pivoting to accommodate the evolving needs of renters and their employees.

Bank of Canada officials agreed on holding the overnight rate at 2.25% earlier this month, but are unsure whether their next policy shift will be to lower rates again or to raise them.

Saying the wealthiest can afford to pay more, Toronto mayor Olivia Chow has increased the tax level on sales of homes over $3 million.

he number of home sales recorded over Canadian MLS® Systems declined 0.6% on a month-over-month basis in November 2025, still well above April levels but mostly unchanged since July.