The Canadian housing market has significant regional disparities, with pockets of strength and weakness. However, with macroeconomic conditions expected to improve over the next year, these differences may narrow. 2026 may represent an inflection point, with underperforming markets strengthening and leading markets cooling.

Last week, The Globe and Mail spoke with TD economist Rishi Sondhi to discuss his outlook for Canada’s highly fragmented housing market.

Let’s begin the discussion with an overview of the housing landscape and regional markets.

We know that the Canadian housing market is a collection of individual ones. At the aggregate level, it’s still a soft Canadian housing market. Home sales are below their pre-pandemic levels still and benchmark or quality-adjusted prices are o

See Full Page