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Story summary
- Canada’s residential real estate market faced its worst year since the pandemic, with prices down about 20%.
- Financing costs have risen and construction struggles persist, especially in the Greater Toronto Area with 22-month sales declines.
- Housing starts are declining despite government measures such as zoning changes and financing support.
- Experts foresee a worsening outlook with a looming supply crunch and no recovery in 2026.
