Canada’s spring housing market shows slow but increasing activity, with the average home price down 2.0% year over year to $812,900 in Q1 2026. Key factors include hesitant first-time buyers, sell-before-buy behavior, and limited inventory. Regional trends vary: prices fell in Toronto and Vancouver but rose modestly in Quebec and the Prairies. Inflation risks may prompt future rate hikes. Government incentives aim to boost construction and affordability.
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