MarketJune 10, 2026 · 6 min read
Canada Housing Market Outlook 2026 — City by City
Calgary leads at +7%. Toronto flat. Vancouver stabilizing. Montreal up 4%. Full market analysis.
National Overview
Canada's housing market in 2026 is highly bifurcated. Prairie cities are outperforming while Toronto and Vancouver cool. The Bank of Canada holding at 2.25% has stabilized the market, but affordability remains stretched in major cities.
City by City Forecast
| City | Avg Price | 2026 YoY | Outlook |
|---|
| Calgary | $620K | +7.2% | 🟢 Strong |
| Edmonton | $445K | +5.8% | 🟢 Strong |
| Montreal | $580K | +3.8% | 🟡 Moderate |
| Ottawa | $650K | +2.5% | 🟡 Moderate |
| Vancouver | $1.25M | +1.8% | 🟡 Flat |
| Toronto | $1.1M | +0.8% | 🟡 Flat |
Key Drivers in 2026
- Interprovincial migration: Ontario and BC residents moving to Alberta and Manitoba for affordability
- Immigration: Federal targets of 395,000 new permanent residents supporting demand
- Supply constraints: Tariffs on building materials raised construction costs ~8%
- Rate stability: BoC holding at 2.25% is providing market certainty
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Go to Mortgage Tools →⚠️ This article is for informational purposes only. Not financial advice. Canada Mortgage Rates is not a licensed mortgage broker. Always verify with a licensed professional.
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