Canadians compromise on location and finances to reach homeownership
A wider buyers’ market is emerging nationally
For clients who are in a position to act, market conditions in many parts of Canada are now more favourable than they have been in years. REMAX brokers and agents reported that 32 per cent of markets analyzed are expected to sit firmly in buyers’ territory this fall, up from just 15.2 per cent a year earlier.
The national sales forecast has also been revised modestly downward, with REMAX Canada now projecting that 2026 sales will finish approximately two per cent below 2025 levels; a softer outcome than originally anticipated heading into the year. That softer backdrop, however, is precisely what is giving deliberate buyers more time and leverage.
“The market has not become easy for buyers, but in many regions, it is allowing for a more deliberate purchasing process,” said Kottick. “More time and choice can help buyers compare their options and understand where their budget goes further without feeling like they have to compromise.”
Regional divergence remains sharp
The national picture masks considerable variation. In Ontario, the Greater Toronto Area remains squarely in buyers’ territory, with average residential prices down 5.1 per cent year over year. Kitchener-Waterloo and Ottawa are similarly buyer-friendly. Conditions look markedly different in parts of Northern Ontario: Thunder Bay posted average price growth of 10.5 per cent year over year, supported by tight inventory.
In Western Canada, Greater Vancouver remains buyer-favourable as weak demand persists, while Calgary is split – balanced in detached and semi-detached segments, but firmly in buyers’ territory for condominiums. Edmonton has shifted from seller- to balanced-market conditions, while Saskatoon continues to favour sellers.
