According to Royal LePage’s 2026 Market Survey Forecast, the GTA housing market faces a complex landscape shaped by trade uncertainties, shifting immigration patterns, and a softening condo sector. While national aggregate home prices are projected to increase by 1% to around $823,000, Toronto and Vancouver are expected to see price decreases of 4.5% and 3.5% respectively. The condo market, particularly, will likely experience a 2.5% drop, settling at $563,918. Royal LePage CEO Philip Soper emphasizes the impact of tariffs and reduced immigration on investor confidence and rental demand, leading to a “compression” effect where more affordable cities catch up to pricier markets. Despite these challenges, Soper highlights a more supportive environment for first-time homebuyers. Read the full article on BNN Bloomberg for detailed insights into the factors influencing Canada’s housing outlook.
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