CREA Revises Resale Housing Market Forecast


In 2027, national home sales are forecast to climb 4.4% to 464,235 units, with most provincial markets expected to see gains between 3% and 6%. This forecast is predicated on slow but positive economic growth, the resumption of higher population growth, and more certainty for borrowers around the path for interest rates which should bring more pent-up demand into the market even with higher borrowing costs.



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