Original, concise market notes based on authoritative housing and economic sources. Reviewed daily and updated when meaningful information becomes available.
LATEST PERSPECTIVES
Market intelligence, considered carefully.
Last reviewed July 26, 2026
ONTARIO OUTLOOK
CMHC expects Ontario housing activity to remain subdued through 2026
CMHC’s mid-year outlook identifies Ontario as one of Canada’s softer housing markets, with affordability challenges, slower population growth and elevated supply continuing to weigh on sales and prices. It also expects historically weak housing construction, particularly in the condominium sector. For buyers and sellers, the outlook reinforces the value of realistic pricing, careful property selection and market-specific advice rather than relying on provincial averages alone.
The Bank of Canada maintained its target for the overnight rate at 2.25%, saying the current setting remains appropriate as economic growth resumes and inflation is expected to ease. For Ontario buyers, this is an important financing benchmark, but individual fixed and variable mortgage offers will still depend on lender pricing, bond yields and personal qualifications.
Home sales edge higher as buyers continue to weigh their options
CREA reports that national home sales rose 0.5% from May to June, while actual June activity was 0.9% above the same month last year. For Ontario buyers and sellers, the broader picture points to a market where preparation, local pricing and property-specific strategy remain more useful than national headlines alone.
CREA now forecasts 463,336 residential sales across Canada in 2026, a 1.4% decline from 2025. Its latest outlook anticipates a small annual price decline in Ontario, reinforcing the importance of evaluating each community, property type and price range on its own merits.
Market statistics are a starting point, not a decision. Inventory, days on market and buyer competition can vary significantly between London, communities along the 401 corridor and the GTA. Madison can help you interpret the conditions around a specific home or neighbourhood.
Market information is general in nature and is not legal, financial or investment advice. Statistics and forecasts may change. Speak with the appropriate qualified professionals before making a decision.
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