The Canada Mortgage and Housing Corporation (CMHC) has released its mid-year 2026 Housing Market Outlook, and the news for Ontario remains sobering. As the GTA grapples with ongoing affordability challenges, the national housing agency expects market activity to stay weak for the remainder of the year.
Key headwinds—including high borrowing costs, sluggish population growth, and trade-related economic uncertainty—are expected to keep sales volumes below historical averages. Crucially, the CMHC anticipates that home prices will continue to adjust downward throughout 2026, with only modest growth projected for 2027 and 2028. While Western Canada may see growth driven by commodity prices, Ontario and B.C. are expected to lag as they navigate these economic hurdles. For a deeper dive into the specific regional data and the potential impact of international trade tensions on your property portfolio, read the full report at BNN Bloomberg.
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