Canada’s housing market has been edging toward recovery since Early-Q2, with resales improving, inventory leveling off, and prices either stabilizing or easing more slowly.
The bank expected 2026 home resales to ↓~4% to 453.2K and benchmark prices to ↓~2% to $794.2K, despite the improving recent trend.
For 2027, the bank forecast resales ↑~7% to 483.6K and benchmark values ↑400K Canadian households may not have formed since 2019 as many postponed buying decisions.
The outlook depends on affordability, steady growth, and stronger confidence, but the bank said rates likely bottomed and trade tensions could still disrupt progress.

Vaughan — Most Expensive homes for August 2026.

Listings (sorted by price):
1. Listing N13576894 — $11,500,000
2. Listing N13427468 — $8,900,000
3. Listing N13609468 — $8,500,000
4. Listing N13602760 — $7,888,000
5. Listing N13692352 — $7,599,999
6. Listing N13635306 — $7,388,800
7. Listing N13468918 — $7,238,000
8. Listing N13461404 — $6,999,000
9. Listing N13543200 — $6,988,000
10. Listing N13568898 — $5,800,000
11. Listing N13677542 — $5,749,000
12. Listing N13427442 — $5,680,000
13. Listing N13494920 — $5,488,000
14. Listing N13449706 — $5,249,000
15. Listing N13429736 — $5,080,000

GTA avg. home selling price was $993K in Mid-Q3 2026, down ~3% yearly, showing the broader market continued easing overall for buyers.
GTA condo apartments averaged $618K in Mid-Q3 2026, below the prior year's level, while the smallest units posted the market's sharpest depreciation.
Micro condos, under 500 sq-ft, were toughest to move in the GTA, with limited end-user appeal and buyers gaining access to larger options.
In Early-Q3, condos sold below list in ~98% of GTA neighbourhoods with at least five sales, giving active buyers unusually broad negotiating room.
Single-family homes also saw underbidding across ~92% of GTA neighbourhoods, but condos were more sensitive as investor demand faded and more investor-friendly units lingered.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences.
It's a symbol of Canada's commitment to reconciliation with Indigenous communities.
Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools.
May this day inspire a future where every voice is heard, and every spirit is healed.
Together, we can create a tomorrow filled with hope and endless possibilities.

Following the HST rebate program, demand increased for low-rise new homes in the GTA, signaling stronger buyer interest in that segment recently.
Builders responded to the demand uptick with a steady flow of new low-rise product, keeping the sector balanced and helping limit upward pricing pressure.
The condominium sector continued to struggle to fully participate, as rules around construction start and completion dates limited how much this segment benefited.
Gross pricing was not adjusted for any rebate, but qualifying purchasers could realize additional savings, improving affordability and supporting new homeownership in the GTA.
Industry leaders said measures like this can strengthen the region's economic outlook, protect jobs, and they want governments to help the condo sector participate.