Canada’s housing market is stabilizing but faces a localized reset. Ontario and B.C. see price drops and sales declines, with a rebound expected by 2026. Toronto faces a condo oversupply, while Vancouver focuses on rental builds amid high prices and low vacancy. Other markets like Montreal, Edmonton, and Calgary lead in new starts. Alberta’s prices rise moderately. Interest rate cuts may boost demand soon. Nationally, starts vary regionally, reflecting structural shifts.
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