AI summary
What's in store for Canada's housing market in 2026? - CBC
News • 1/15/2026
What's in store for Canada's housing market in 2026? CBC Canada’s housing market ends 2025 on soft note with uncertain recovery ahead RBC Trade war jitters send Canadian housing market into year-end slump, CREA reports BNN Bloomberg Canada's housing market ended 2025 with a whimper: CREA report Yahoo! Finance Canada Canadian Housing Market in Winter Freeze as Prices, Sales Decline Bloomberg.com Canada's housing market ended 2025 with a whimper: CREA report Financial Post 2025 sees slowest Canadian housing market since 2010, inventory increased CHCH What's in store for Canada's housing market in 2026? MSN
Summary for Canadian homeowners
Canadian homeowners are bracing for higher mortgage payments as interest rates remain elevated. Many borrowers who secured low-rate mortgages during the pandemic face significant payment increases when they renew their loans, as the majority of Canadians have shorter-term, fixed-rate mortgages. Banks are working with borrowers and extending amortization periods to soften the impact, but there are concerns about growing household debt and financial strain.
Key takeaways
- Many Canadian mortgage holders will face much higher monthly payments upon renewal due to high interest rates.
- Banks are offering relief by extending amortization but this may increase total interest paid over the life of the mortgage.