From Financialpost · · 1m 10s
CREA Revises Resale Housing Market Forecast
CREA lowers 2026 home sales forecast by 5.2% amid rising mortgage rates.
In brief
CREA lowers 2026 home sales forecast by 5.2% amid rising mortgage rates. CREA forecasts 444,530 home sales in 2026, a 5.2% drop from 2025, due to higher mortgage rates and inflation risks. Originally reported by Financialpost.
CREA updates 2026-2027 housing forecasts
CREA revised home sales and price forecasts for 2026 and 2027 using Canadian MLS systems.
2025-2026 market volatility
2025 saw tariff uncertainty; 2026 features inflation risks from global energy crises and borrowing costs.
Mortgage rate fluctuations
Fixed mortgage rates rose after Iran conflict, then cooled as oil prices and Bank of Canada rate hikes eased.
September market shift
Lower home sales activity in September due to mortgage rate changes and variable rate uncertainty.
2026 sales forecast
444,530 homes expected to trade in 2026, a 5.2% decline from 2025, with most provinces seeing reduced activity.
2026 price forecast
National home prices rise 0.2% to $681,681 in 2026, with B.C. and Ontario prices falling.
2027 outlook
2027 home sales expected to rise 4.4% to 464,235 units with modest price growth across provinces.
The key point
CREA forecasts 444,530 home sales in 2026, a 5.2% drop from 2025, due to higher mortgage rates and inflation risks.
