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Canadian residential real estate projections for Q3 2026 point to a subdued, recovering market.
National home sales are expected to grind slightly higher as summer progresses and buyers step in, but overall price growth remains flat to soft due to high borrowing costs, economic uncertainty, and reduced immigration targets.
Market Activity and Sales VolumeNational Resale Activity:
Sales volumes are seeing a tentative, slow grind upward in the back half of the year after a sluggish start, though activity stays below historical decade averages.
Buyer Sentiment: A shift toward cautious, discerning buyers rather than impulse purchasers has slowed down immediate transaction velocity.
Home Prices and Regional DivergenceNational Average Prices: Expected to remain largely flat or post very modest single-digit gains (around 1.1% nationally for the full year, per updated CREA Forecasts).
Ontario and British Columbia: Major markets like Toronto and Vancouver continue to experience soft or downward price adjustments (down low-single digits year-over-year).
The Prairies and Quebec: Regions like Alberta (including Calgary and Edmonton) and parts of Quebec (such as Montreal and Quebec City) continue to outperform the national average with steady price growth.
Construction and Rental MarketsHousing Starts: New construction continues to face downward pressure and decline nationally as builders pull back due to elevated inventories and high building costs.
Rental Construction: Multi-family and rental starts are easing from their recent historical peaks, and while rent growth is slowing down in major centers, affordability challenges persist for tenants
#makeitright #MikeHolmes #holmesapproved #q3canadianrealestate
National home sales are expected to grind slightly higher as summer progresses and buyers step in, but overall price growth remains flat to soft due to high borrowing costs, economic uncertainty, and reduced immigration targets.
Market Activity and Sales VolumeNational Resale Activity:
Sales volumes are seeing a tentative, slow grind upward in the back half of the year after a sluggish start, though activity stays below historical decade averages.
Buyer Sentiment: A shift toward cautious, discerning buyers rather than impulse purchasers has slowed down immediate transaction velocity.
Home Prices and Regional DivergenceNational Average Prices: Expected to remain largely flat or post very modest single-digit gains (around 1.1% nationally for the full year, per updated CREA Forecasts).
Ontario and British Columbia: Major markets like Toronto and Vancouver continue to experience soft or downward price adjustments (down low-single digits year-over-year).
The Prairies and Quebec: Regions like Alberta (including Calgary and Edmonton) and parts of Quebec (such as Montreal and Quebec City) continue to outperform the national average with steady price growth.
Construction and Rental MarketsHousing Starts: New construction continues to face downward pressure and decline nationally as builders pull back due to elevated inventories and high building costs.
Rental Construction: Multi-family and rental starts are easing from their recent historical peaks, and while rent growth is slowing down in major centers, affordability challenges persist for tenants
#makeitright #MikeHolmes #holmesapproved #q3canadianrealestate
Imagine your brand new kitchen being the envy of your friends and family!!
Our friends at Armoires de cuisine Milmonde can make your dreams come true... just check out some of their work and let your imagination go wild!!
#makeitright #MikeHolmes #holmesapproved #milmondekitchencabinets #Milmonde
Our friends at Armoires de cuisine Milmonde can make your dreams come true... just check out some of their work and let your imagination go wild!!
#makeitright #MikeHolmes #holmesapproved #milmondekitchencabinets #Milmonde
If you are buying a new home or are in the process of planning to build one, you want to have this piece of technology onsite!
This is how Mike Holmes is using iGUIDE on site.
Capture once and get accurate measurements, as-builts and CAD files your team can actually build from.
👉 No tape measure.
👉 No redrawing.
👉 No guesswork.
Start with real data — and give your team a head start before the work even begins!
#makeitright #MikeHolmes #holmesapproved #IGUIDE
This is how Mike Holmes is using iGUIDE on site.
Capture once and get accurate measurements, as-builts and CAD files your team can actually build from.
👉 No tape measure.
👉 No redrawing.
👉 No guesswork.
Start with real data — and give your team a head start before the work even begins!
#makeitright #MikeHolmes #holmesapproved #IGUIDE
In 2026, the most popular residential renovations in Canada are kitchen remodels and energy-efficient exterior upgrades (like new siding, insulation, etc...)
Elite Cladding has the patented AuraLok™ Panel Connector System, an interlocking system that locks panels tight to ensure a seamless, gap-free fit.
This tight alignment blocks drafts and prevents conditioned indoor air from escaping.
Veyros™ Technology minimizes the natural expansion and contraction of PVC caused by weather and temperature swings, preventing the siding from warping, buckling, or shifting over time.
#makeitright #MikeHolmes #holmesapproved #elitecladding
Elite Cladding has the patented AuraLok™ Panel Connector System, an interlocking system that locks panels tight to ensure a seamless, gap-free fit.
This tight alignment blocks drafts and prevents conditioned indoor air from escaping.
Veyros™ Technology minimizes the natural expansion and contraction of PVC caused by weather and temperature swings, preventing the siding from warping, buckling, or shifting over time.
#makeitright #MikeHolmes #holmesapproved #elitecladding
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