Ontario and B.C. stay\u00a0stuck on the sidelines<\/p>\n
Economist Rishi Sondhi said it would likely take most of 2026 for activity to claw back first\u2011quarter losses as buyers remained hemmed in by a soft economy and cost\u2011of\u2011living strain.<\/p>\n
\u201cWhile severe weather in Central and Atlantic Canada weighed on activity early in the year, weakness was also evident in B.C., where conditions were more temperate,\u201d he said.<\/p>\n
Ontario and British Columbia took the steepest downgrades. TD now expects\u00a0transactions to fall 3.2%\u00a0in Ontario and 0.2% in B.C., with prices slipping 4% and 1.2% respectively, as strained affordability and falling prices kept many households \u201cwaiting for a clearer bottom,\u201d the report said.<\/p>\n
Pent\u2011up demand in those provinces \u201chas yet to re\u2011emerge as quickly as previously expected,\u201d Sondhi said, adding that further price declines might be needed to unlock it.<\/p>\n
Oil\u2011producing regions and Prairies offer\u00a0rare bright spots<\/p>\n
Sondhi highlighted a split emerging across the country. In the Prairies, tighter starting conditions in Saskatchewan and Manitoba and still\u2011decent affordability are expected to support firmer gains, with Alberta\u2019s market rebalancing as new supply meets normalized demand.<\/p>\n","protected":false},"excerpt":{"rendered":"Ontario and B.C. stay\u00a0stuck on the sidelines Economist Rishi Sondhi said it would likely take most of 2026…\n","protected":false},"author":2,"featured_media":564643,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,86503,217777,44,117199],"class_list":["post-564642","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-canadian-housing-market","tag-housing-forecast","tag-news","tag-td-economics"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/564642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=564642"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/564642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/564643"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=564642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=564642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=564642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}