Oil-driven inflation spike raised rate hike risks, pushing fixed mortgage rates higher in early 2026.
Higher borrowing costs and uncertainty slowed spring activity despite peak seasonal demand expectations.
CREA revised forecats:
-Home sales: 474,972 units, ↑ 1% yearly.
-Avg home price: ↑ 1.5% to $688,955
2027 outlook: sales up 2.1% to 485,071, prices +0.9% to $695,094, below inflation.
