Company Announcements

Looming economic clouds could chip away at confidence, but trends from the fall are already locking-in

• 10 per cent of Canadians plans to buy a home in the next 12 months, and half of them are first-time buyers
• One quarter of Canadians believe the housing market in their region will become more affordable in 2026
• 23 per cent of Canadians would be ready to buy if Bank of Canada interest rates fell further, by another 0.5 to one per cent

TORONTO , Nov. 26, 2025 /CNW/ -- The Canadian housing market could be on the upswing looking ahead to 2026, with more buyers preparing to enter the market and home sales expected to increase by 3.4 per cent next year, according to REMAX Canada's 2026 Housing Market Outlook. This follows signs of renewed buyer intent earlier this fall, compared to the first half of the year.

There is light at the end of the tunnel following a decline in home sales from coast to coast in 2025. According to data supplied by REMAX Canada brokers and agents, as well as local boards, home sales fell year-over-year in 19 of 33 markets analyzed between January 1 and October 31, 2025. In contrast to the inventory shortfall that defined many markets in 2024, 2025 saw listings increase year-over-year across 75.8 per cent of regions, in a shift to more balanced conditions for buyers, contributing to average price declines in 2025 and further moderation of -3.7% expected in 2026.

A Leger survey commissioned by REMAX Canada reveals that one in 10 Canadians is planning to buy a home in the next 12 months, half of them being first-time buyers. According to the same survey, one quarter of Canadians (23 per cent) said they'd be ready to enter the market if interest rates dropped another 0.5 to one per cent. Tempering average prices, along with easing pressure on the interest-rate front, could indicate gradual market improvement.

"Amid looming economic clouds, Canadians are maintaining their interest in homeownership," says Don Kottick, President, REMAX Canada. "The resilience that began to emerge in the fall is anticipated to continue into 2026, with first-time buyers in particular finding creative ways to save and enter the market."

Solidifying Confidence with Lower Interest Rates Presents an Opportune Moment for First-Time Buyers

According to a Leger survey commissioned by REMAX Canada, 10 per cent of Canadians say they're planning to purchase a home in the next 12 months – an improvement from seven per cent in the fall, based on Leger survey data earlier this year. Although more than half of Canadians are feeling the economy will worsen in 2026, following an initial economic stall as seen in the earlier part of 2025, Canadians aged 18 to 35 are more hopeful, with 21 per cent feeling the economy will fare better next year.

Return-to-Office Mandates Affecting How First-Time Buyers Approach the Market

Following looming economic headwinds, an emerging concern among first-time homebuyers is a rise in return-to-office mandates. While nearly half of respondents overall do not believe return-to-office will impact their situation , respondents aged 18 to 34 and those planning to buy in the future are thinking more about how this might affect their search and 17 per cent of Canadians are concerned about 'return to office' mandates.

"Return-to-office mandates are beginning to weigh on first-time buyers' decisions, prompting many to reconsider not just where they want to live, but how their daily routines, commute times, and lifestyle needs will fit into an in-person work environment," says Kottick. "Transit access is becoming an increasingly important factor for younger Canadians seeking their first home. Many are weighing commute times and workplace flexibility more carefully in their search, while sellers continue to adapt to a market that's still finding its footing in this new reality."

The Evolving Buyer Profile

REMAX brokers and agents across Canada found that families, new Canadians, and retirees drove a larger share of sales in 2025, marking a significant shift from 2024, when first-time buyers led sales across most Canadian markets.

While 17 per cent of Canadians say they plan to purchase a home at some point (with 10 per cent intending to buy within one year). Brokers are hearing that many buyers continue to watch the market closely for the right moment to make their move. Those planning to purchase their first home are more likely to be aged 18 to 34 and with kids under age 18.

"Time will tell how the buyer profile shifts we've seen over the past year will influence overall homebuying decisions. In such a dynamic environment, with evolving buyer needs and changing seller expectations, it's more important than ever for buyers to work with a trusted professional agent who understands their local market and can help find what best suits them and their families," says Kottick.

Regional Market Insights

REMAX brokers and agents across Canada shared a year-over-year analysis of their local market between January 1 and October 31, 2025 and offer their estimated outlook for 2026. According to their insights, as well as local board data, a third of the markets will have balanced conditions, while 18.2 per cent of markets are sellers' and 15.2 per cent remaining buyers' markets. All remaining markets are mixed or varied conditions.

Western Canada

Western Canada's housing market is entering 2026 with measured stability. In Vancouver, high-end property prices decreased notably by 6.3 per cent year-over-year from 2024 to 2025, from $2,651,000 to $2,483,000, favouring buyers due to increasing inventory, while entry-level homes remain in strong demand. Calgary and Edmonton present more balanced markets, with suburban single-detached homes driving activity as affordability and long-term growth potential attracts first-time and move-up buyers. Regina and Winnipeg continue to favour sellers, supported by lower inventory levels and steady demand for single-detached homes, particularly among first-time buyers and families seeking turnkey properties with ample space.

Across the region, single-detached homes dominate buyer interest, while retirees increasingly look to downsize to more low-maintenance properties. First-time buyers are seeking value and proximity to essentials, especially access to transit. Move-up buyers focus on lifestyle and larger homes, often leveraging subject-to-sale offers. New-home construction is proceeding modestly in high-cost markets like Vancouver, while mid-sized cities are seeing greater activity in infill and detached housing. Technology, social media, and virtual tours are playing an increasing role in how buyers search for and evaluate properties. Declining interest rates and favourable financing conditions into 2026 are anticipated to unearth an existing motivation to enter the market.

Ontario

Ontario's housing markets are showing a blended mix of buyer-friendly and balanced conditions, shaped by regional differences such as population, pricing, and economic stability. Markets toward Northern Ontario such as Kenora, Sudbury, and Sault Ste. Marie remain relatively stable, with modest price growth, limited new construction, and steady demand from first-time and move-up buyers. Mid-sized cities, including London, Kitchener-Waterloo, and Simcoe County, are seeing more inventory, slower price growth, and opportunities for buyers taking advantage of lower interest rates, particularly for single-detached homes. In the Greater Toronto Area and surrounding suburbs, price adjustments, increased listings, and declining interest rates are creating conditions favourable for buyers, though affordability pressures remain, particularly for first-time buyers. Year-over-year, home prices in the Greater Toronto Area fell by 3.5 per cent, from 2024 to 2025, from $1,127,525 to $1,088,166. Across the province, rental pressures, limited inventory in key segments, and evolving economic conditions are motivating buyers to plan and act strategically, while technology and online tools continue to streamline buyer's property search and decision-making.

Atlantic Canada

Atlantic Canada's housing market is stabilizing as the region transitions toward balanced conditions, supported by steady in-migration, moderate price growth, and increasing new-home construction. Average residential sale prices are projected to rise three to five per cent across most markets, with single-detached and semi-detached homes continuing to drive demand. First-time buyers are returning with confidence, prioritizing affordability, low-maintenance homes, and family-friendly neighbourhoods, while move-up buyers are focused on lifestyle upgrades, larger spaces, and energy-efficient properties. Retirees are seeking downsized, accessible housing or low-maintenance condos in communities that offer healthcare access and amenities. New developments, particularly in Moncton, Fredericton, and Truro, emphasize affordability and sustainability, helping support a balanced market. Number of sales transactions year-over-year from were notably highest in St. John's Metro, Newfoundland, from 2,677 to 2,796, an increase of 4.4 per cent. Rising rents are encouraging renters to transition into homeownership, and investor activity remains strong in rental and multi-unit properties, reflecting ongoing confidence in the region's long-term growth potential. Overall, Atlantic Canada presents a stable, predictable, and affordable market, making 2026 a strategic year for buyers and investors alike.

About Leger 
Leger is the largest Canadian-owned full-service market research firm. An online survey of 1,537 Canadians aged 18+ was completed between October 24-26, 2025, using Leger's online panel. Leger's online panel has approximately 400,000 members nationally and has a retention rate of 90 per cent. A probability sample of the same size would yield a margin of error of +/- 2.5 per cent, 19 times out of 20.

About the Report

REMAX's 2026 Housing Market Outlook includes data and insights supplied by REMAX brokerages. REMAX brokers and agents are surveyed on market activity and local developments. The overall outlook is based on the average of all regions surveyed, weighted by the number of transactions in each region. Each REMAX office in independently owned and operated.

About the RE/MAX Network

As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 145,000 agents in almost 9,000 offices with a presence in more than 110 countries and territories. REMAX Canada refers to REMAX Canada, Inc., which is an affiliate of RE/MAX, LLC. Nobody in the world sells more real estate than REMAX, as measured by residential transaction sides. REMAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. REMAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about REMAX, to search home listings or find an agent in your community, please visit remax.ca. For the latest news from REMAX Canada, please visit blog.remax.ca.

Forward looking statements

This report includes "forward-looking statements" within the meaning of the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "believe," "intend," "expect," "estimate," "plan," "outlook," "project," and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. These forward-looking statements include statements regarding housing market conditions and the Company's results of operations, performance and growth. Forward-looking statements should not be read as guarantees of future performance or results. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include (1) the global COVID-19 pandemic, which has impacted the Company and continues to pose significant and widespread risks to the Company's business, the Company's ability to successfully close the anticipated reacquisition and to integrate the reacquired regions into its business, (3) changes in the real estate market or interest rates and availability of financing, (4) changes in business and economic activity in general, (5) the Company's ability to attract and retain quality franchisees, (6) the Company's franchisees' ability to recruit and retain real estate agents and mortgage loan originators, (7) changes in laws and regulations, (8) the Company's ability to enhance, market, and protect the RE/MAX and Motto Mortgage brands, (9) the Company's ability to implement its technology initiatives, and (10) fluctuations in foreign currency exchange rates, and those risks and uncertainties described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC") and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company's website at www.remax.com and on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.

SOURCE RE/MAX Canada