# CREA Revises Resale Housing Market Forecast

> CREA lowers 2026 home sales forecast by 5.2% amid rising mortgage rates.
- Title: CREA Revises Resale Housing Market Forecast · Financialpost
- Summary: 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…
- Keywords: crea, housing market, home sales, mortgage rates, canada, 2026 forecast, real estate, money, business, Revises, Resale, Housing
- Source: Financialpost — https://financialpost.com/globe-newswire/crea-revises-resale-housing-market-forecast-2
- Read time: 1 min
- Topics: crea, housing market, home sales, mortgage rates, canada, 2026 forecast, real estate, money, business
## 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.
## Key takeaway

CREA forecasts 444,530 home sales in 2026, a 5.2% drop from 2025, due to higher mortgage rates and inflation risks.