Ontario is emerging as a focal point for a gradual housing recovery in 2026. New data from Re/Max Canada points to stronger buyer intentions and a noticeable rise in listings, setting the foundation for a more balanced market after a turbulent year marked by financial uncertainty.
Re/Max forecasts a 3.4 percent rise in national home sales next year. The outlook highlights renewed interest among prospective buyers. One in ten Canadians say they plan to purchase a home in the next twelve months. Half of them expect to buy for the first time. About one quarter believe affordability in their region will improve.
The report reviewed 38 major markets and found year-over-year sales declines in 32 of them from January to October. The slowdown followed higher interest rates and a cautious consumer environment. Inventory moved in the opposite direction. New listings grew across every region, with Ontario seeing a twenty one percent increase in supply.
Re/Max says the sharp rise in listings has helped ease pressure on buyers, moving conditions closer to balance. Average prices are expected to fall by 3.7 percent in 2026. The company says this shift should give buyers more confidence as they evaluate their options.
Re/Max Canada president Don Kottick says Canadians remain committed to homeownership despite economic headwinds. He says the resilience shown in the fall months will likely carry into 2026 and that first time buyers are using new strategies to save and move forward with their plans.
The outlook points to a slow but steady path toward recovery, with Ontario positioned to lead the way as supply grows and buyers return.
