The Canadian Real Estate Association has downgraded its forecast for home sales in 2026, while the number of homes sold across the country in March fell 2.3% from a year earlier.
CREA now expects a total of 474,972 residential properties to be sold in 2026, 1% more than in 2025 and down 30% from the cycle peak of 667,000 home sales in 2021.
China has been leading a global real estate cycle down after its massive property bubble burst in 2021.
In many countries where prices ballooned before the pandemic, home affordability remains untenable for the masses, suggesting prices have further to retrace.
Justin Paget/DigitalVision via Getty Images
The Canadian Real Estate Association (CREA) has downgraded its forecast for home sales in 2026, while the number of homes sold across the country in March fell 2.3% from a year earlier.
