Prices expected to remain weak or decline in early 2026, especially in high-density segments, before stabilizing toward late-year recovery.
Sales activity gradually rebounds from historically low levels, driven mainly by pent-up demand rather than strong economic expansion.
Housing starts fall to near multi-decade lows, especially condos, limiting future supply but reflecting current weak developer confidence.
Elevated inventory keeps market conditions buyer-friendly, constraining price growth despite improving affordability and lower borrowing expectations.