Early 2026 doesn’t look promising for a quick rebound in the GTA resale housing market. Oxford Economics predicts a sluggish start to the year, citing job insecurity linked to ongoing trade uncertainties and a potentially shrinking population as factors keeping buyers on the sidelines. This could lead to further price declines, particularly in the higher-priced Toronto and Vancouver areas.
While the near-term outlook appears gloomy, Oxford Economics anticipates a market turnaround by mid-year, driven by favorable mortgage rates, improved affordability, reduced trade policy uncertainty, and a potential resumption of job growth. CREA forecasts a 5.1% increase in national home sales for 2026, reaching approximately 494,500 transactions. However, trade-related uncertainty continues to cast a shadow over the market.
To delve deeper into the factors influencing the GTA’s housing market and understand the full scope of the forecast, read the original article on mpamag.com.
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