{"id":27087,"date":"2026-01-26T10:10:53","date_gmt":"2026-01-26T18:10:53","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27087"},"modified":"2026-01-16T09:29:15","modified_gmt":"2026-01-16T17:29:15","slug":"canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/","title":{"rendered":"Canada&#8217;s Housing Market Continue to Display Resilience with Uncertain Recovery Ahead"},"content":{"rendered":"<p style=\"text-align: justify;\">Canada\u2019s housing market closed out 2025 without much hype as home resales and prices declined in December.<\/p>\n<p style=\"text-align: justify;\">The softness underscores several headwinds\u2014including persistent affordability challenges, economic uncertainty, and job market slack\u2014continuing to constrain a meaningful recovery.<\/p>\n<p style=\"text-align: justify;\">Home resales fell 2.7% in December from November, while the MLS Home Price Index eased 0.3% nationwide.<\/p>\n<p style=\"text-align: justify;\">Resales in Toronto fell 0.4%, while Montreal, Vancouver, Calgary, Edmonton, and Ottawa all posted more pronounced declines of 2.5% to 5.7%. The wide range reflects the divergent regional dynamics that have come to define Canada\u2019s housing landscape.<\/p>\n<p style=\"text-align: justify;\"><strong>Price Weakness Remains Concentrated in Ontario and BC<\/strong><\/p>\n<p style=\"text-align: justify;\">Home values are falling in Ontario and British Columbia, where affordability pressures are most acute, and inventory is elevated.<\/p>\n<p style=\"text-align: justify;\">Buyers have shifted decisively to a position of strength with ample choice allowing them to be selective.<\/p>\n<p style=\"text-align: justify;\">The MLS HPI in Toronto fell further in December, continuing a downward trajectory that has delivered a 6.3% decline over the past year.<\/p>\n<p style=\"text-align: justify;\">Southern Ontario fared similarly with Kitchener-Waterloo down 8.6%, London 8.3% lower, and Hamilton down 7.4% year-over-year.<\/p>\n<p style=\"text-align: justify;\">In BC, Vancouver recorded a 4.5% monthly decline in transactions with the MLS HPI falling 4.5% annually, while the Fraser Valley dropped 6.2% over the same period.<\/p>\n<p style=\"text-align: justify;\">These declines, while substantial, remain insufficient to fully reverse the massive pandemic-era surge of more than 50%, leaving affordability strained for prospective buyers.<\/p>\n<p style=\"text-align: justify;\">Alberta has also come under pressure as rising inventory\u2014buoyed by new construction\u2014weighs on home values. Calgary\u2019s MLS HPI held steady month-over-month in December, but declined 3.2% from a year ago, signalling even Western markets face headwinds from supply dynamics.<\/p>\n<p style=\"text-align: justify;\"><strong>Markets That Continue to Display Resilience<\/strong><\/p>\n<p style=\"text-align: justify;\">The MLS HPI posted year-over-year gains between 5.9% and 17% across major markets in Quebec with monthly advances recorded in December.<\/p>\n<p style=\"text-align: justify;\">Quebec City continues to outpace the nation with its MLS HPI surging 17% annually, and advancing a robust 3.2% from November.<\/p>\n<p style=\"text-align: justify;\">Home values in Saskatchewan and Manitoba remain similarly well supported with the MLS HPI up between 6.2% and 6.9% year-over-year. The Atlantic region\u2019s price trends also predominantly show an upward tilt.<\/p>\n<p style=\"text-align: justify;\">That said, rapid price appreciation in markets like Quebec City may be creating headwinds. Resales have weakened considerably in recent months as the pace of price gains materially erodes affordability.<\/p>\n<p style=\"text-align: justify;\"><strong>2025 Proved Challenging for Canada&#8217;s Housing Market<\/strong><\/p>\n<p style=\"text-align: justify;\">Overall, resale transactions fell 1.9% last year compared to 2024 as the trade war derailed a recovery supported by material interest rate cuts from the Bank of Canada.<\/p>\n<p style=\"text-align: justify;\">Regional divergences was the real story. Weakness has been concentrated in Ontario and B.C., while other parts of the country held up relatively better.<\/p>\n<p style=\"text-align: justify;\"><strong>Regional Divisions to Persist into Early 2026<\/strong><\/p>\n<p style=\"text-align: justify;\">A broader market recovery will hinge on the pace of confidence rebuilding\u2014a process likely to be gradual given modest projected economic growth and muted population gains ahead.<\/p>\n<p style=\"text-align: justify;\">Past interest rate cuts will provide some support, but our view that rates have reached their cyclical lows suggests limited additional stimulus from monetary policy.<\/p>\n<p style=\"text-align: justify;\">Nonetheless, improving labour market conditions and a return to normalcy in consumer sentiment could gradually draw buyers from the sidelines and support a turnaround.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/01\/Canadas-housing-market-ends-2025-on-soft-note-with-uncertain-recovery-ahead-.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the report.<\/p>\n<p><a href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/monthly-housing-market-update\/canadas-housing-market-ends-2025-on-soft-note-with-uncertain-recovery-ahead\/\" target=\"_blank\" rel=\"noopener\">Canada&#8217;s Housing Market Ends 2025 on Soft Note with Uncertain Recovery Ahead<\/a> by Robert Hogue | RBC Economics<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s housing market closed out 2025 without much hype as home resales and prices declined in December. The softness underscores several headwinds\u2014including persistent affordability challenges, economic uncertainty, and job market &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-27087","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canada&#039;s Housing Market Continue to Display Resilience with Uncertain Recovery Ahead &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Canada&#039;s Housing Market Continue to Display Resilience with Uncertain Recovery Ahead &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Canada\u2019s housing market closed out 2025 without much hype as home resales and prices declined in December. The softness underscores several headwinds\u2014including persistent affordability challenges, economic uncertainty, and job market &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/01\\\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/01\\\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Canada&#8217;s Housing Market Continue to Display Resilience with Uncertain Recovery Ahead\",\"datePublished\":\"2026-01-26T18:10:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/01\\\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\\\/\"},\"wordCount\":534,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\",\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/01\\\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/01\\\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/01\\\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\\\/\",\"name\":\"Canada's Housing Market Continue to Display Resilience with Uncertain Recovery Ahead &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2026-01-26T18:10:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/01\\\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/01\\\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2026\\\/01\\\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canada&#8217;s Housing Market Continue to Display Resilience with Uncertain Recovery Ahead\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Canada's Housing Market Continue to Display Resilience with Uncertain Recovery Ahead &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/","twitter_card":"summary_large_image","twitter_title":"Canada's Housing Market Continue to Display Resilience with Uncertain Recovery Ahead &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Canada\u2019s housing market closed out 2025 without much hype as home resales and prices declined in December. The softness underscores several headwinds\u2014including persistent affordability challenges, economic uncertainty, and job market &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Canada&#8217;s Housing Market Continue to Display Resilience with Uncertain Recovery Ahead","datePublished":"2026-01-26T18:10:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/"},"wordCount":534,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Market Updates","Real Estate"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/","url":"https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/","name":"Canada's Housing Market Continue to Display Resilience with Uncertain Recovery Ahead &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2026-01-26T18:10:53+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2026\/01\/canadas-housing-market-continue-to-display-resilience-with-uncertain-recovery-ahead\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Canada&#8217;s Housing Market Continue to Display Resilience with Uncertain Recovery Ahead"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/27087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=27087"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/27087\/revisions"}],"predecessor-version":[{"id":27089,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/27087\/revisions\/27089"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=27087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=27087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=27087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}