As we track the latest shifts in Canada’s housing market, we’re seeing clear signs that a transition from correction to recovery is underway. National sales, inventory, and prices are turning a corner after a period of steeper declines. For 2026, sales are estimated to slip by about 4% to around 453,000 homes, with average reference prices easing roughly 2% to $794,000 before stronger gains take hold in 2027. The following year, projections show sales climbing by around 7% to 484,000 units and benchmark prices nudging up just under 1% to $801,000 across the country.
It’s important to note that this recovery isn’t uniform—Ontario and British Columbia may continue to lag, and condo supply in Toronto and Vancouver is expected to keep those segments under pressure. Here in Medicine Hat and the surrounding areas, we’re always keeping a close eye on how these broader trends impact our local market. For buyers, this environment could mean more opportunities as conditions gradually improve. We’re committed to providing you with the most up-to-date market information, so you can make informed decisions whether you’re buying or selling.
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