Royal LePage has raised its national housing price forecast for Canada in 2026, projecting a 2% increase in aggregate home values.
The broker’s updated outlook reflects a market where demand continues to outstrip supply in several key regions, despite broader economic headwinds.
Quebec City is expected to lead the country with an 8% price increase, driven by strong local demand.
The forecast highlights a sharp divergence across major Canadian metros.
Quebec City is expected to lead the country with an 8% price increase, driven by strong local demand.
In contrast, the nation’s largest markets are set to cool, with Vancouver forecast to see prices fall by 3.5% and Toronto by 2%.
This regional split underscores the uneven nature of the Canadian housing recovery.