The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2026, while the number of homes across the country sold in March fell 2.3 percent from a year earlier.
CREA is now expecting a total of 474,972 residential properties to be sold throughout the year, which would be one percent more than 2025. But that’s down from its previous forecast in January of 5.1 percent growth year-over-year.
The national average home price is forecast to rise 1.5 percent on an annual basis to $688,955 in 2026, which would be around $10,000 lower than predicted in January.
In March, the national average sale price fell 0.8 percent compared with a year earlier to $673,084….