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CREA's July 2026 forecast shows the national average home price falling 1.5% in 2025 to $679,368, before rising to $686,710 in 2026 and $694,164 in 2027 — with sharp divergence between provinces.
CREA's forecast national average home price for 2026
— up 1.1% from 2025's actual average of $679,368.
CREA, Quarterly Forecast (July 15, 2026)
British Columbia and Ontario remain Canada's most expensive markets, even after price declines in 2025.
2025 actual average MLS residential sale price by province, in thousands of dollars. Source: CREA, Quarterly Forecast, July 15, 2026 (Forecast_data_July_2026.xlsx).
The national average is forecast to rise modestly: CREA forecasts the national average price at $686,710 in 2026 (+1.1%) and $694,164 in 2027 (+1.1%), after a 1.5% dip to $679,368 in 2025.
The Prairies, Quebec and Atlantic Canada led 2025 gains while B.C. and Ontario fell: Saskatchewan (+8.4%), Quebec (+8.1%) and Newfoundland and Labrador (+7.9%) posted the largest 2025 price gains, while British Columbia (-2.9%) and Ontario (-4.4%) were the only provinces to decline.
Newfoundland and Labrador is the standout market: CREA calls it 'Canada's last remaining province in full-on seller's market mode,' with prices up 7.9% in 2025 and forecast to climb further to $368,165 in 2026.
Alberta turned a corner in 2026: after a milder 3.8% gain in 2025, CREA says Alberta prices 'resumed rising in the second quarter' of 2026, with the average forecast to reach $522,078 for the year.
| Province | 2025 actual | 2025 change | 2026 forecast | 2027 forecast |
|---|---|---|---|---|
| Canada (national) | $679,368 | -1.5% | $686,710 | $694,164 |
| British Columbia | $952,767 | -2.9% | $946,685 | $954,645 |
| Alberta | $512,994 | +3.8% | $522,078 | $524,657 |
| Saskatchewan | $348,033 | +8.4% | $359,925 | $361,801 |
| Manitoba | $394,527 | +6.8% | $404,470 | $405,799 |
| Ontario | $834,585 | -4.4% | $828,699 | $840,108 |
| Quebec | $541,661 | +8.1% | $557,461 | $558,828 |
| New Brunswick | $347,787 | +5.3% | $352,980 | $356,093 |
| Nova Scotia | $471,472 | +5.3% | $480,073 | $481,412 |
| Prince Edward Island | $399,663 | +2.7% | $411,442 | $417,872 |
| Newfoundland and Labrador | $344,827 | +7.9% | $368,165 | $375,920 |
Dollar figures are annual average MLS residential sale prices, rounded to the nearest dollar. 2026 and 2027 figures are CREA forecasts, not actuals. Source: CREA, Quarterly Forecast, July 15, 2026 (Forecast_data_July_2026.xlsx).
national home sales forecast for 2026, down 1.4% from 2025
CREA
national home sales forecast for 2027, up 3.7% from 2026
CREA
Saskatchewan's 2025 average price gain, the largest of any province
CREA
Ontario's 2025 average price decline, the steepest of any province
CREA
A national average masks how differently 2025 played out province by province — brokers working across B.C., Ontario and the Prairies are pricing very different qualification math for the same stress test. With CREA forecasting only modest national appreciation through 2027, provincial divergence, not the national number, is what should shape how brokers set client expectations and prioritize where new volume is likely to come from.
Last updated August 2, 2026. Each figure carries its source; projections are labelled. Page reviewed on every major source release. Information only — not advice.
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