Canada’s housing correction continues in 2026, following multi-year price resets after 2022 peaks.
Population stagnates through 2028, while high housing supply pressures prices and construction.
Build-to-rent dominates: 180,000 rental units under construction, expanding rental stock by over 7%.
Rental vacancies may rise from 2.3% toward 5%, last seen nationally in early 1990s.
Affordability improves marginally in 2026, but rates stay steady and demand recovers only gradually.
