Canada’s resale real estate market on the edge of a recovery

Advertisement 1 This advertisement has not loaded yet, but your article continues below. Breadcrumb Trail Links HomeLifeHomesCondosNew Homes Canada’s resale real estate market on the edge of a recovery RBC Economics expects recovery will likely be uneven across Canada this fall. Author of the article: By Joel Schlesinger  •  for the Calgary Herald Published Sep 17, 2026 Last updated 1 day ago 1 minute read Join the conversation The fall homes market will likely continue to be uneven across Canada. PHOTO BY SHAUGHN BUTTS /Postmedia Article content Canada’s housing market appears to have hit bottom and could be in recovery mode, though its path is likely to be bumpy, according to a new report. RBC Economics published a report earlier this month, noting that resales have been on a “winning streak since April.” Article content Inventory is moderating while prices are stabilizing. RBC pointed to added upside as housing affordability has improved along with a better job market. Article content Article content Article content In turn, it argued that growing buyer confidence could unlock pent-up demand as the built-up inventory of homes on the market begins to decline. Article content Noon News Roundup Your weekday lunchtime roundup of curated links, news highlights, analysis and features. Sign Up By signing up you consent to receive the above newsletter from Postmedia Network Inc. Interested in more newsletters? Browse here. Article content Still, RBC struck a cautious tone for the fall, noting the recovery will likely be uneven across Canada. Article content The deep corrections in Vancouver and the Greater Toronto Area markets have “left a deep mark on sentiment,” leaving former, would-be buyers reluctant to return. Article content What’s more, any increase in demand in the next few months will not prevent further sales and price declines by year’s end. Article content RBC predicted that sales will drop about four per cent, while the benchmark price could fall about two per cent to $794,200. Article content Yet it added that sales will improve nearly seven per cent in 2027, with the benchmark price expected to gain almost one per cent to $800,700. Article content It cautioned that low confidence among prospective buyers — a key headwind to sales in Canada — had been fuelled by a slumping market of falling prices, poor affordability, a soft economy and job security concerns. Article content Those conditions are easing, it added, with…