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“Solid market fundamentals – including lower interest rates, increased supply, and reduced competition – have created a more favourable environment for consumers,” says Phil Soper, president and CEO of Royal LePage, adding that buyers in high-priced regions have a “rare window to act on their home ownership plans at reduced prices,” though any bounce back in values will likely be small.
However, Toronto and Vancouver are expected to move in the opposite direction with Royal LePage predicting home values in the GTA will fall 4.5% in 2026, while Greater Vancouver prices are expected to decline 3.5%.
Montreal is set for a 5% increase and Quebec City is once again projected to lead all major regions with a striking 12% jump in overall prices. Regina is also poised for a 4% rise amid persistent supply tightness. Meanwhile, Calgary, Edmonton, Halifax, Winnipeg and Ottawa aren’t expected to see more than 2% growth.
Soper says the second half of 2025 showed encouraging signs that consumer uncertainty is easing.