04/16/2026
Canada’s spring housing market is starting to wake up 🌱🏡
After a slow winter, activity is picking up—but cautiously. National home prices are down 2.0% year-over-year, sitting around $812,900, while quarter-over-quarter prices have stayed relatively flat.
What’s driving the slower pace?
• Buyer hesitation (especially first-time buyers)
• More “sell-before-you-buy” behaviour
• Limited inventory in some markets
That said, there are some encouraging signs:
• More Canadians are planning to move this year
• Competition has eased
• Prices are stabilizing in many regions
Locally, both Toronto and Vancouver have seen price declines, while more affordable markets like Quebec continue to show strength.
Looking ahead, rising energy costs and global uncertainty could impact interest rates—so buyers may want to consider getting pre-approved sooner rather than later.
Bottom line: The market isn’t booming—but it’s moving, with cautious optimism heading into spring and summer.