Looking ahead to 2027, housing in Canada may be entering a new phase. According to CMHC, we should see gradual improvements as incomes and economic growth gain momentum. While sales are projected to pick up, activity is still likely to remain somewhat lower than what we witnessed in the previous decade. The Canadian Real Estate Association is forecasting only modest national price growth, which points more to stabilization than another dramatic surge. In some markets, we could continue to see higher inventory and softer demand, which means buyers may find themselves with a bit more negotiating room. Drawing on my two decades of consulting experience and a business background, I find these indicators valuable in understanding the fluctuating dynamics of Greater Vancouver’s housing market.
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