Recently, we've seen a softening in Canada's housing market, with activity dipping around 7% year-over-year and national sales down less than 1% month-over-month. Buyers are clearly weighing trade tensions, oil prices, and inflation concerns as they make their decisions. Rising Canada bond yields have also been pushing up fixed mortgage rates, making the landscape more complex for many. Despite these factors, industry experts still anticipate that late Q3 and Q4 could remain active periods. The Bank of Canada has kept its policy rate steady, and inflation is holding close to 3% for a second month—some economists are even looking at the possibility of easing in 2027. For the remainder of 2026, the outlook suggests we may see either no change or just a modest rate hike, with potential cuts on the horizon if conditions improve. The most significant catalyst for a housing rebound is tied to a US trade deal, making the next 6 to 12 months a particularly important window for buyers to watch. As a licensed residential and commercial broker serving Laval and surrounding regions, I stay tuned to these shifts to help clients navigate changing markets with confidence.
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