Prices corrected ~25% since 2022, but slowly—no panic, just hesitation.
Jobs feel shakier, rates still high—confidence matters more than affordability.
Even with lower rates, monthly payments remain 30% higher than pre-pandemic.
The next price move won’t be explosive—it’ll be quiet, slow, and selective.
This isn’t a crash—it’s a reset, rewarding patient buyers and realistic sellers.
Improving housing affordability continues in most Canadian major markets
Canada's national housing affordability improved to a four-year best at 53% in Q1 2026, led by gains in Vancouver and Toronto, though both remain least affordable. Condo affordability nearly returned to pre-pandemic levels nationally, while...
