Nationally, the economists projected \u201cmodest\u201d price gains and home sales rising toward roughly 500,000 deals by 2027, still well below pandemic peaks.<\/p>\n
Mortgage rates<\/a> steadied \u2013 but pain persisted<\/p>\n Desjardins said mortgage rates\u00a0\u201cdeclined meaningfully from their 2022\u201323 peaks but have settled well above the level of any point since the Global Financial Crisis \u2013 and they aren\u2019t expected to ease further in 2026.\u201d That view echoes\u00a0earlier Desjardins commentary that the Bank of Canada\u2019s easing cycle has\u00a0largely run its course<\/a>, leaving borrowers facing a long stretch of merely \u201cstable, but not cheap\u201d money.<\/p>\n Variable\u2011rate borrowers, who enjoyed steep discounts through 2024\u201325, also face\u00a0a tougher landscape. In a prior economic viewpoint, Desjardins economist Hendrix Vachon warned that \u201cthe recent enthusiasm for variable rate mortgages may wane in 2026, especially if borrowers start anticipating new rate increases\u201d and that \u201cfor 2026, the outlook is currently less favourable for variable rates.\u201d<\/p>\n Rental builds carries\u00a0the supply load<\/p>\n