📊 Housing Market Update (CREA Forecast)

The Canadian Real Estate Association (CREA) has updated its outlook for 2026–2027—and the story is shifting.

Buyers, especially first-time buyers, were expected to return as prices stabilized. But rising oil prices have pushed inflation higher, increasing the chances of another rate hike from the Bank of Canada.

That’s already led to higher fixed mortgage rates.

👉 What this means:
• Some buyers may hit pause
• Spring activity could slow
• Many are waiting for rates to settle

🏡 The market isn’t stopping—but it is adjusting.

If you’re thinking about buying or selling, timing and strategy matter more than ever.

📞 Bonnie & Paul Jones
Your Friends in Real Estate
416-578-9622