The Canadian Real Estate Association revised its 2026 and 2027 housing market forecasts downward. If you plan to buy or sell a home in Saint John, these updated numbers provide a clear picture of where the market is heading.
National Housing Market Slows Down
Nationally, the association expects 463,336 residential properties to change hands in 2026. This represents a 1.4 percent decline from 2025. The national average home price will rise by 1.1 percent to $686,710.
Source: Canadian Real Estate Association
What This Means for the East Coast
The East Coast faces specific challenges. The report notes that a sharp reduction in population growth and historic supply shortages make the region less active than previously expected. This means Saint John buyers will continue to navigate a tight market with limited inventory. Ontario is the only province forecast to see an annual sales increase in 2026.
Looking Ahead to 2027
The outlook improves for 2027. The association forecasts national home sales to climb 3.7 percent to 480,567 units. The national average home price will increase another 1.1 percent to $694,164. Stable interest rates and positive economic growth drive this expected recovery.
Frequently Asked Questions
Will home prices drop in 2026?
No. The national average home price will rise by 1.1 percent to $686,710 in 2026.
Why are home sales slowing down on the East Coast?
A combination of reduced population growth and historic housing supply shortages slows down market activity in the region.
When will the housing market recover?
The association forecasts a stronger recovery in 2027 with home sales climbing 3.7 percent nationally.
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