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In a market where many expected a surge in listings, something unusual has happened: the anticipated supply has not appeared. While it is too early to call this a lasting trend, recent data shows that both new listings and total active listings came in lower than the same time last year, breaking a pattern seen over the past two years. Inventory had steadily increased as more homeowners tested the market, but that trend has now paused, raising the question of why sellers are holding back.

A nearly 17% drop in new listings suggests a meaningful shift in seller behavior. Many homeowners appear to be making different decisions than they were just months ago. Some may have tried to sell but did not achieve their desired price, while others may be unwilling to accept current market values. Additionally, more owners are choosing to hold their properties and rent them out instead of selling. These patterns indicate that most homeowners are not under immediate pressure and can afford to wait, highlighting the resilience of the market despite broader economic stress.

Financial and economic pressures, while significant, have not yet translated into widespread forced selling. Many households are adapting by extending loan terms, cutting expenses, increasing income, or renting out part of their properties. Stress exists, but markets respond to realized conditions, not anticipated ones, and the volume of distressed sellers has remained relatively limited. This helps explain why the expected wave of listings has not materialized, even as broader economic indicators—such as rising mortgage delinquencies, layoffs, and high interest rates—point to potential strain.

At the same time, prices are still declining, with average selling and benchmark values down compared to last year. However, underlying market conditions show a more nuanced picture. Sales are stabilizing, listings are declining, and existing inventory is being absorbed, suggesting that supply and demand are gradually tightening. Policy changes, such as tax reductions on new housing, are also affecting buyer behavior by shifting some demand away from resale properties, creating additional downward pressure in that segment while supporting construction and long-term supply.

Finally, the market is increasingly segmented. Lower-density homes have shown more stability due to end-user demand, while condominiums face oversupply and weaker investor activity. Overall, sellers are not giving up; they are opting out until market conditions meet their expectations. This limits supply and could eventually support stabilization and price growth. For now, the anticipated wave of listings has not arrived, and until it does, downside risk in the spring market may be more contained than many expect.

Supply conditions in March showed notable variation across different property types. Overall inventory increased compared with the previous month, yet when compared to long-term trends, row and apartment-style units remained above average, while detached homes were below trend. This pattern reflects last year’s reduction in detached housing starts and a record increase in apartment-style construction, influencing the current market balance.

Sales activity in March rose slightly from February but remained below levels seen last year and long-term March averages. Apartment-style units saw the largest decline in sales, as higher supply and slower population movement spread demand across a wider range of options. Detached homes also experienced slower sales in certain districts, largely due to limited availability. The overall market, however, still showed balanced trends, with sales, listings, inventories, and prices all increasing modestly heading into the spring season.

Detached homes continued to exhibit the tightest market conditions. Sales to new listings ratios remained high, and months of supply were generally low, particularly in the Northwest, West, South, Southeast, and East districts. Prices for detached homes showed moderate gains in several districts, reflecting the constrained supply and strong demand. Semi-detached properties demonstrated relatively balanced conditions, with inventory and sales tracking close to long-term trends, while prices varied modestly by district.

Row homes and apartment-style units presented contrasting conditions. Row home sales slowed compared to last year, with inventory levels rising, particularly in areas where supply exceeded demand, leading to downward pressure on prices. Apartment condominium supply continued to increase, approaching record highs, while sales lagged, resulting in extended months of supply. Consequently, apartment prices remained under pressure, with declines observed across most districts, particularly in the North and South.

In surrounding regional markets, conditions were mostly balanced but varied by location. Some areas saw modest inventory gains and relatively stable prices, while others experienced slower sales and increased months of supply. Overall, benchmark prices in these regions showed minor increases or slight declines compared with last year, reflecting a combination of new supply options, shifting demand, and seasonal trends across the broader housing market.

Canada’s population aged 85 and older is growing faster than any other age group, meaning more families face important decisions about how best to support their aging loved ones. By 2030, seniors could make up over one-fifth of the population, emphasizing the need for thoughtful planning around housing and care. While options like assisted living or downsizing are common considerations, many older adults prefer to remain in their own homes, provided the space can be adapted to meet their changing needs.

As people age, homes that were once safe and familiar often present new challenges. Mobility and balance issues make stairs and uneven surfaces hazardous, while everyday tasks such as getting in and out of bed or chairs, using the bathroom, or carrying groceries can become difficult. Managing home security, remembering daily routines, and maintaining outdoor spaces also pose risks, particularly in regions with harsh weather. These factors make it essential to assess both safety and functionality in a home environment.

Many of these challenges can be addressed with practical home modifications. Bathroom safety can be improved with walk-in showers, grab bars, raised toilets, and non-slip flooring. Stairs can be made safer with handrails, stair lifts, and non-slip treads, while decluttering spaces and using supportive furniture helps seniors move more freely. Smart home technology—such as motion-sensor lighting, automated locks, and alert systems—can simplify daily routines and enhance safety. Seasonal or professional services for outdoor maintenance can reduce physical strain and fall risks.

Support systems also play a crucial role in helping seniors age in place. Programs offering fall prevention education, grants, or loans for home modifications can provide financial and practical assistance. However, access varies depending on location, requiring families to research local resources. Even with supports in place, there may come a time when staying at home is no longer safe or practical. Frequent falls, difficulty managing daily activities, rising renovation costs, cognitive decline, or social isolation may signal the need to consider downsizing or moving to a supportive living environment.

One of the most important aspects of this transition is the emotional connection seniors have to their homes. Familiar spaces carry memories and a sense of identity, making change difficult even when practical solutions are available. These decisions require empathy, patience, and open communication among family members. Planning ahead allows families to evaluate options thoughtfully, whether adapting a home or exploring alternative living arrangements, ensuring that aging is supported with dignity, safety, and quality of life.

The Bank of Canada decided to hold its interest rate steady, sticking with a cautious approach while the global economy remains unpredictable. While this kind of pause has been happening for a while, the situation behind it is becoming more complex. The main issue now is that the economy is showing signs of slowing down, but inflation still hasn’t fully gone away. That puts policymakers in a tricky spot, because raising rates could hurt growth even more, while lowering them could push inflation back up.

A lot of this uncertainty is coming from outside the country. Ongoing geopolitical tensions and rising energy prices are making inflation harder to control and adding pressure to the broader economy. At the same time, global bond yields have been climbing, which can quietly push fixed mortgage rates higher even without any official rate hike. So even though the headline rate hasn’t changed, borrowing costs could still shift in the background.

For people looking to buy a home, the current market is starting to feel a bit more manageable. Interest rates have come down from their peak, but they’re not expected to drop significantly anytime soon. Fixed rates are likely to stay fairly stable, while variable rates may not offer much immediate relief. On the bright side, there are more homes available, fewer bidding wars, and less urgency overall. That gives buyers more breathing room to compare options, negotiate, and think long term instead of rushing in.

Sellers, however, are dealing with a more balanced and competitive market. Stable interest rates do help keep buyers in the game, but affordability is still a major concern for many people. With more listings available, buyers have more choice, which means sellers can’t rely on the fast price growth seen in previous years. Pricing a home correctly and being open to negotiation is becoming more important, as conditions are no longer strongly in favor of sellers.

For homeowners coming up for mortgage renewal, this rate hold brings some clarity but not much comfort. Many are moving off much lower rates from a few years ago and will likely see their monthly payments increase. Since there’s no strong signal that rates will drop sharply in the near future, some are exploring options like adjusting their payment schedules or extending amortization periods to manage costs. Overall, the message right now is to stay informed and make decisions based on current conditions, rather than trying to predict where rates might go next.

A real estate organization in Ontario is calling on governments to overhaul the way development-related fees are structured, arguing that these charges are driving up the cost of housing and slowing the pace of new construction across the province. Originally designed to fund infrastructure needed for growing communities, these fees are now seen as a major contributor to declining affordability, adding significant costs to the price of new homes in Ontario.

The issue has gained public attention as housing costs continue to rise throughout the province. While many people agree that it is reasonable for growth to help pay for infrastructure, there is increasing concern about how these expenses are passed on to buyers. A significant portion of residents believe it is unfair for homebuyers to shoulder these costs directly, and many feel that such charges are making it harder to afford a home in Ontario. At the same time, there is skepticism about how clearly local governments explain the use of funds collected through these fees.

To address these concerns, several potential reforms have been proposed. One idea is to temporarily pause the collection of development-related fees to provide immediate relief and encourage new construction activity across Ontario. Other suggestions include exploring alternative ways to finance infrastructure, such as creating specialized service entities or using different funding models that distribute costs more broadly. There is also a proposal to change how these fees are applied, ensuring that buyers are not subject to additional taxes on top of the charges themselves.

Overall, the discussion reflects a broader challenge within Ontario: how to balance the need for infrastructure investment with the goal of improving housing affordability. While funding for growth remains essential, there is increasing pressure on policymakers to rethink current approaches and find solutions that reduce financial strain on future homeowners while still supporting sustainable community development.

Despite economic uncertainty and rising costs, the desire to own a home remains strong. Around two-thirds of people say they have always dreamed of buying, and nearly one in three intend to purchase within the next two years. Homeownership continues to be viewed as a major financial milestone and a key step toward independence, though affordability is a persistent concern, with many saying it is something they think about regularly.

Perspectives on the housing market are divided, reflecting uneven conditions across different regions. Some believe sellers still hold the advantage, while others see more favourable conditions for buyers, particularly as activity slows in larger and more expensive urban centres while demand stays steadier in less dense areas. Overall, attitudes have shifted away from urgency and fear of missing out toward a more cautious mindset focused on timing and making informed decisions.

First-time buyers are gradually moving closer to entering the market, with many actively saving, yet uncertainty around affordability and mortgage requirements remains a major barrier. As a result, many expect to make trade-offs, such as delaying moving out or taking on additional income sources. Existing homeowners continue to see real estate as a solid investment and are open to relocating for more space, but concerns about rising costs—especially higher payments at renewal—are becoming increasingly prominent.

Many homeowners will face mortgage renewals after benefiting from historically low interest rates, and in 2026, this will be happening on a large scale. While most focus on higher monthly payments, few consider the condition of their home. Over time, systems wear down and small issues can become costly problems. This creates an opportunity for real estate professionals to add value by encouraging clients to check the state of their property before making financial decisions.

A simple way to do this is by suggesting a home inspection ahead of a mortgage renewal. Unlike inspections tied to buying or selling, this approach focuses on proactive maintenance. A homeowner who purchased years ago may not realize how much has changed. Knowing the current condition of key components allows for better budgeting and informed refinancing decisions, avoiding surprises.

Roofing and other major systems naturally age, and what once had years of life remaining may now need attention. A timely inspection can reveal issues before they turn into costly emergencies, giving homeowners the chance to plan ahead. Small problems, like early signs of water intrusion or ventilation issues, can also escalate if ignored. Inspections catch these early, often allowing inexpensive fixes instead of major repairs.

Periodic inspections cover all major systems—roofing, plumbing, electrical, structure, and HVAC—giving a full picture of the home’s health. Most homeowners only think of inspections when buying or selling, so this reminder is often new and appreciated. It’s a practical, low-effort way for professionals to demonstrate care for clients’ long-term well-being.

Recommending a periodic inspection also provides a natural reason to reconnect with past clients. In 2026, with mortgage renewals accelerating across Canada, this small suggestion can help homeowners avoid costly surprises while reinforcing trust in the professional relationship. It offers clarity, peace of mind, and the ability to plan proactively, leaving a lasting impression.

Canada’s housing market is entering a period of adjustment as weakening condominium presales begin to reshape the country’s development pipeline. Fewer buyers are committing to units before construction begins, a key requirement developers rely on to secure financing and launch projects. Combined with stricter lending conditions and higher borrowing costs, this drop in demand is slowing development activity. In many cases, projects are being delayed, cancelled, or redesigned, raising concerns that the housing supply coming in the next several years may not fully align with what future buyers are looking for.

One noticeable shift is that many developers are redirecting planned ownership projects toward rental housing. In the short term, this is increasing the supply of rental units and helping ease conditions in some markets that had experienced years of rapid rent growth. Recent construction activity and project completions have contributed to slightly improved rental availability in several major urban centres. However, the longer-term impact is less certain, since fewer condominium projects being launched today could mean fewer ownership opportunities later.

Condominiums have traditionally provided one of the most accessible entry points to homeownership, especially in large urban markets where land prices make low-density housing difficult to build. When presale demand weakens, developers often struggle to reach the financing thresholds needed to start construction. As a result, some projects are postponed while others are converted into purpose-built rental developments that are considered more viable under current market conditions. This trend highlights a broader shift in the balance between rental and ownership housing supply.

Housing conditions differ widely across Canadian cities. Some markets are still seeing strong construction activity and record housing starts, while others are experiencing slower development and a growing dominance of rental projects. In certain areas, government incentives, zoning changes, and relatively affordable housing have supported both rental and ownership construction. In faster-growing markets, however, labour shortages and construction capacity pressures are beginning to emerge as additional constraints on how quickly new homes can be built.

Overall, the evolving development landscape suggests that Canada’s housing challenge is not only about the total number of homes being built, but also about the types of homes entering the market. While increased rental construction may provide short-term relief for tenants, a prolonged slowdown in condominium development could reduce future options for buyers. Because housing projects take years to complete, today’s slowdown in presales may eventually translate into tighter ownership supply in the years ahead.

During periods of intense real estate activity, buyers often feel pressure to act quickly to secure a property. Competitive markets can encourage offers that contain few or no conditions, particularly when sellers favour clean agreements without financing or inspection clauses. While this strategy may increase the chances of an offer being accepted, it also exposes buyers to significant legal and financial risks if complications arise after the agreement is signed. A recent Ontario court decision highlights how failing to conduct proper due diligence before making an unconditional offer can result in substantial liability.

In this case, a buyer submitted an offer of $557,000 for a property during the peak of the real estate market in 2022. The offer was well above other bids and was accepted, creating a binding agreement of purchase and sale. Importantly, the agreement was not conditional on financing and included a clause confirming that the seller made no guarantees about whether the buyer’s future intended use of the property would be lawful unless specifically stated in the contract. The property had been used as a single detached home, and the agreement confirmed that the current residential use could continue.

The dispute arose when the buyer later attempted to withdraw from the transaction shortly before the scheduled closing date. She claimed the property had been misrepresented in the listing as having residential zoning, when the municipality had adopted a comprehensive zoning by-law the previous year that categorized the property under a different designation. Although the zoning permitted the continued residential use of the home, the buyer argued that the designation could affect her renovation plans and the terms of her mortgage financing. As a result, she refused to complete the purchase.

After the buyer failed to close, the sellers were forced to place the property back on the market. Several months later, they sold it for $329,000, significantly less than the original purchase price. The sellers then commenced legal action seeking damages for the financial losses caused by the failed transaction, including the difference in sale price and additional carrying costs. During the court proceedings, evidence was presented showing that the buyer had already investigated the property’s zoning before submitting her offer. Text messages demonstrated that she had discovered the correct zoning designation on the day she viewed the property and before she entered into the agreement.

The court concluded that although the listing contained an incorrect description of the zoning, the buyer did not rely on that statement when making her offer because she already knew the property’s true zoning status. Given this finding, her attempt to withdraw from the contract was not justified. The court therefore ruled in favour of the sellers and ordered the buyer to pay more than $213,000 in damages after accounting for the deposit. The decision underscores the importance of conducting thorough investigations into zoning, financing, and other key issues before submitting a binding offer, particularly when choosing to proceed without protective conditions.

The Greater Toronto housing market continued to show signs of weakness in February, with only limited indications of recovery. Home prices posted a slight month-over-month increase, but they remain notably lower than both last year’s levels and the peak reached during the market surge earlier in the decade. In fact, current prices are roughly comparable to those seen about four years ago. While the modest price increase may suggest some stabilization, seasonally adjusted figures indicate that underlying market momentum remains soft and has yet to establish a clear upward trend.

Sales activity remains one of the market’s biggest challenges. The number of homes sold in February declined compared with the same period last year and remains far below the record levels seen during the housing boom. Although winter months are typically slower for real estate transactions, this February ranks among the weakest in many years. At the same time, demand has not been strong enough to absorb the available supply, highlighting the cautious stance many buyers continue to take.

Inventory conditions further illustrate the current imbalance. While new listings decreased compared with the previous year, the total number of active listings on the market remains relatively high, meaning many properties are taking longer to sell. Market balance indicators still point to conditions that favor buyers, as demand remains insufficient to significantly reduce available supply. Overall, the February data suggests that the Toronto housing market remains in a period of slow activity, and a stronger recovery will likely depend on improved affordability and a rebound in buyer confidence.

In February, Calgary's real estate market showed mixed conditions across property types. Detached homes experienced tight market conditions, with less than three months of supply, driven by strong demand and limited inventory. Meanwhile, apartment-style properties faced oversupply, as increasing listings and slowing migration contributed to a buyer's market. Despite record construction levels for apartments, the excess supply continued to pressure condo prices downward. Detached homes, particularly those under $700,000, remained in high demand, while higher-priced detached homes and semi-detached homes saw more balanced conditions.

Citywide, the market remained relatively stable with a three-month supply and a 55% sales-to-new-listings ratio. February saw 1,526 sales, an 11% decline from the previous year, largely due to weaker apartment and row home sales. However, benchmark prices for most property types increased by 1% from January, though they were still 4% lower year-over-year. The apartment market continued to struggle, with declining prices, while detached homes and semi-detached homes saw slight price gains due to tighter supply.

Detached homes saw stable sales and new listings, with 736 sales and 1,269 new listings in February. This resulted in a 58% sales-to-new-listings ratio, keeping inventory levels balanced at just under three months. The benchmark price for a detached home rose to $734,300, a 1% increase from January but still 3% lower than last year. Semi-detached homes experienced tighter conditions with 175 sales and 253 new listings, dropping the months of supply to 2.4. Their benchmark price increased by 2% to $682,200 compared to January.

Row homes saw a slight market pickup with 270 sales in February, bringing the sales-to-new-listings ratio to 55%. Prices rose to $423,600, aligning with typical seasonal trends. However, prices were still 5% lower year-over-year, with notable declines in the Northeast and East districts. The apartment condominium sector continued to face high inventory, leading to a low sales-to-new-listings ratio of 46%. The benchmark price fell to $298,600, nearly 1% lower than January and over 9% lower than last year, with significant price drops in the Northeast, East, and Southeast.

In the regional markets, Airdrie, Cochrane, and Okotoks showed varied conditions. Airdrie’s market remained balanced, with prices 5% lower than last year due to increased competition from new homes. Cochrane’s market saw stable conditions with a sales-to-new-listings ratio of 59%, while Okotoks experienced tighter conditions with under three months of supply, pushing prices up by 2% from January. Overall, Calgary's market showed strength in detached and semi-detached homes but struggled with excess supply in the apartment sector.

As Canada enters 2026, its office and industrial real estate markets are showing signs of stabilization after a period of significant disruption due to the pandemic, shifts toward remote work, and global trade uncertainties. According to a recent report, the commercial real estate sector is adapting to changing business dynamics, with companies focusing on long-term space planning rather than reacting to short-term developments. The office market, especially in downtown areas, was hit hard during the pandemic when remote work became the norm. However, with many employers bringing workers back to the office, leasing activity is gradually recovering. While the market will not return to pre-pandemic levels, it is evolving with more intentional use of office space. Employers are placing greater emphasis on how space is utilized, prioritizing collaboration and enhancing the employee experience. Major employers across Canada, including key financial and corporate institutions, have implemented return-to-office policies, with most requiring employees to be in the office three to five days a week. This shift is expected to stabilize the office leasing market, particularly in urban centers. In 2026, most real estate professionals anticipate stable or modestly increased demand for office space, alongside a reduction in vacancy rates.

The industrial sector, which initially saw strong demand post-pandemic, is now facing headwinds due to ongoing trade disruptions, tariff pressures, and broader economic uncertainties. Manufacturing sales, a key driver for industrial real estate, have slowed, and as a result, demand for warehousing and distribution space has cooled. Despite these challenges, the industrial market remains relatively balanced, supported by the continued evolution of supply chains and a focus on creating efficient, modern industrial facilities. Experts predict that industrial space demand will increase in several regions in 2026, though growth may be tempered by the current economic climate and trade tensions. While some areas are experiencing a decline in demand due to external pressures, regions with diversified economies and robust logistics infrastructure are holding up better.

The pace of recovery in office and industrial markets varies significantly by region. Larger cities, such as the Greater Toronto Area, are seeing a strong rebound in office leasing, driven by the return-to-office trend. Meanwhile, other cities, like Vancouver and Calgary, have largely transitioned back to in-person work or continue to lag behind in this recovery. Similarly, the industrial market is experiencing divergent trends across different cities. Areas more heavily reliant on manufacturing and export-driven industries are grappling with the effects of trade disruptions, while regions with stronger logistics infrastructure and a focus on domestic markets are faring better.

Looking ahead to 2026, the commercial real estate market in Canada appears to be on a path toward greater stability, with businesses adopting a more strategic approach to space planning. While challenges remain, especially in the industrial sector, there is optimism for steady growth and a more predictable environment. The varying conditions across cities highlight the importance of understanding regional dynamics, economic drivers, and sector-specific trends when assessing market performance.