10/14/2026
Canada Housing Faces Trade Turmoil
Canada’s housing market has been feeling the effects of shifting trade dynamics and economic uncertainty this year. Activity has dipped about 7% compared to last year, and national sales slipped just under 1% month-over-month, as many buyers pause to consider how trade tensions, oil prices, and inflation might impact their next step. With Canadian bond yields rising, fixed mortgage rates have come under additional pressure—a trend I’ve seen reflected in conversations with clients right here in Calgary. Still, industry experts anticipate that late Q3 and Q4 could remain active, suggesting there’s resilience in the market.
The Bank of Canada recently kept its policy rate steady, with inflation hovering close to 3% for a second month. Some economists are already looking ahead and see the possibility for rate cuts in 2027, but for the rest of 2026, expectations remain for either stability or a small hike before things potentially ease. The biggest momentum shift could come from a U.S. trade deal; that’s something I’m watching closely as it could signal new opportunities for buyers and sellers alike. If you’re considering your next move, it’s wise to keep an eye on the coming 6 to 12 months—being prepared is key. As always, my focus is on helping you navigate these changes with transparency and confidence, ensuring your real estate journey is informed and smooth.