Overview: What RBC is Predicting
According to the Royal Bank of Canada (RBC), the national housing market in 2025 is seeing a notable slowdown. RBC forecasts a 3.5% decline in home resale activity, with resales projected to total approximately 467,100 units this year—down from earlier expectations.
Looking ahead to 2026, the outlook brightens: RBC expects a 7.9% rebound in home resale activity, potentially reaching 504,100 units—aligning closely with the pre-pandemic five-year average of 511,000 units.
Implications for Home Buyers
1. A Buyer’s Market Emerges
The current surplus in listings and falling prices gives buyers stronger negotiating power, particularly in major markets like Ontario and B.C.
2. Opportunity for First-Time Buyers
With resales dipping, first-time homebuyers may find it easier to step into the market—especially if inventory improves by 2026.
3. Plan for Recovery Now
If you’re waiting for better deals, early 2026 could be your window. But a slow rebound means competition may tighten—consider making a move sooner rather than later.
Expert Insights: Navigating the Market Strategically
* Get pre-approved early to secure the best mortgage terms before demand returns.
* Strategically tour listings: areas with the steepest declines might offer the most value now.
* Work with a trusted mortgage expert like Ash Khan to secure rates, prepare competitive offers, and navigate affordability challenges with confidence.