Toronto's housing market may be turning the page on a sluggish year, but 2026 is "showing more signs of the same," said John Pasalis, president and broker at Realosophy Realty. Last year marked a turning point in Toronto's housing market, as prices started to trend down again following a pandemic-induced boost. More broadly, housing markets in southern Ontario and parts of B.C. "Quebec City was the most underpriced housing market in North America," Cathcart said. Where the housing market goes next hinges partly on the direction of the Canadian economy, according to Hogue.

Source: CBC News January 15, 2026 14:31 UTC