Despite stable interest rates, the GTA housing market’s recovery is proving to be more of a ‘reset’ than a rebound as we head into 2026. According to Ownright COO Joel Fox, the primary drag on activity isn’t borrowing costs, but buyer psychology. A recent Ownright survey revealed that while 97% of Ontario homebuyers felt financially ready, nearly half found the process confusing and stressful, indicating a lack of confidence. Buyers are now more concerned about overpaying or losing equity than interest rates. Experts like BMO’s Doug Porter suggest that steady rates could offer more certainty. Royal LePage and REMAX Canada project only moderate price growth, emphasizing balanced conditions. The industry’s challenge now lies in clear communication and rebuilding trust, particularly regarding pre-approvals and closing costs. Read the full article on mpamag.com to learn more about the factors shaping the GTA’s housing market.
Read the original story here: https://www.mpamag.com/ca/mortgage-industry/industry-trends/why-buyer-nerves-not-rates-are-holding-canadas-housing-recovery-back/559885
