News summary
CMHC revises 2026 outlook: fewer sales, slightly lower prices
CMHC's baseline 2026 forecast, as reported from the agency's outlook, expects 457,200 home sales and an average price of $675,200, down from 2025, with housing starts of 241,400. This news item links to reporting of the forecast; the underlying CMHC outlook is the primary source to consult for model detail.
Source: Canada Mortgage and Housing Corporation · Published 27 July 2026 · Added 16 September 2026 · Canada
Why it matters
A year of softer prices can coexist with a long-run supply gap. CMHC itself warns that slower construction can unwind recent affordability gains.
Related topics: Home Prices · Construction
Read the original at Canada Mortgage and Housing CorporationCMHC estimates Canada needs 417,000 to 469,000 housing starts a year to restore affordability to pre-pandemic levels by 2036.