{"id":829106,"date":"2026-07-27T11:47:08","date_gmt":"2026-07-27T11:47:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/829106\/"},"modified":"2026-07-27T11:47:08","modified_gmt":"2026-07-27T11:47:08","slug":"cmhc-now-sees-home-sales-prices-declining-in-2026-amid-weaker-market-activity","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/829106\/","title":{"rendered":"CMHC now sees home sales, prices declining in 2026 amid weaker market activity"},"content":{"rendered":"<p>OTTAWA \u2014 Canada Mortgage and Housing Corp. says it now sees home sales and prices declining this year, a downgrade from its earlier forecast, before the market returns to modest growth next year and in 2028.<\/p>\n<p>CMHC says a number of factors, including economic uncertainty, slower population growth and borrowing costs, are expected to weigh on activity in the housing market.\u00a0<\/p>\n<p>The agency\u2019s baseline forecast now expects 457,200 home sales in 2026 with an average home price of $675,200, down from 470,314 homes sold in 2025 with an average price of $679,543.\u00a0<\/p>\n<p>The latest forecast also marks a decrease from its previous outlook in February, when it expected sales and prices to rise compared with last year.\u00a0<\/p>\n<p>CMHC says uncertainty remains high as geopolitical tensions are expected to temporarily raise inflation and Canada-U.S. trade uncertainty continues to affect investment and hiring decisions.\u00a0<\/p>\n<p>Housing starts are expected to reach 241,400 in 2026, down from 259,028 in 2025, with builders facing weak demand, elevated inventories and high construction costs.\u00a0<\/p>\n<p style=\"text-align: center;\">\u00a92026 The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"OTTAWA \u2014 Canada Mortgage and Housing Corp. says it now sees home sales and prices declining this year,&hellip;\n","protected":false},"author":2,"featured_media":829107,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,44],"class_list":["post-829106","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/829106","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=829106"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/829106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/829107"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=829106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=829106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=829106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}