„In Ontario wird es noch schlimmer werden:“ Experten prognostizieren Folgendes für den Immobilienmarkt im Jahr 2026
https://www.ctvnews.ca/toronto/article/its-going-to-get-worse-in-ontario-heres-what-experts-predict-will-happen-to-the-housing-market-in-2026/
42 Kommentare
Through the lens of young working people, ‚it’s going get better in Ontario“.
The tone of the article is all doom and gloom, siding with people who greatly profit off housing costing us more and more all the time. If you can get past that kind of bullshit, it’s a good read.
Oh no! Rich people aren’t going to get even richer, while ordinary people might be able to afford to buy their own place! The horror!
The title itself tells you which interests the media have in mind.
>Royal LePage released its 2026 market outlook in December saying home prices are expected to rise in several major markets across the country in 2026, but the real estate firm painted a gloomy picture for Vancouver and Toronto regions, Canada’s two most expensive markets, where prices are expected to fall 3.5 per cent and 4.5 per cent respectively, year-over-year.
So a gloomy picture is home prices becoming more affordable.
„Victor Couture, associate professor of economic analysis and policy at the University of Toronto, told CTV News Toronto, that it’s likely home prices will continue to decline next year, but he said it’s impossible to predict by how much.
“In a downturn like this you’d expect it to keep dragging and that the drop this year will be somewhat less than last year. It’s impossible to predict when the market will turn,” he said.
He said that while we are not currently in a “housing crash,” without rapid population growth, very low interest rates or strong economic growth, home prices are not expected to rise significantly or at all.
Couture added that the housing situation in Ontario is resetting people’s expectations.
“The path to wealth shouldn’t be to buy property, but that’s the mindset that’s been fed to people for so long,” Couture said. “It would be better for Canada if people didn’t think of housing as investment but rather a place to live. it’s very hard to imagine that over the next few years you’ll see the kind of house price rises that people have been experiencing over the last decade.”
For people looking to enter the housing market, Couture said it’s a good time to purchase a home.
“If you think of a home as an investment, you may have wait a long time before houses are again a good investment in Canada, but if you think of a home as somewhere to live and you expect to stay in the house five to 10 years then it’s a better time now than its been in many years,” he said.
“If someone really has the ability to wait, it could be worth waiting a few more months and see where the market goes but you don’t want to buy in a rush.”
Butler said he advises potential homebuyers to hold off on purchasing a home unless they have to.
“Nobody should buy right now unless they have to. If you are a first-time buyer facing no pressure, do nothing until May or June and see how the markets perform,” he said.“
Hopefully construction costs come down and new supply can come online at lower price points.
I’ll need to spend some time today figuring out how to break the horrible news to my kids. Their dream of renting for the rest of their lives and never owning anything may be crushed by the outside chance of them actually being able to buy a home.
This is horrible news. Average, young people who aren’t being handed things and are „pulling themselves up by their bootstraps“ (lmfao) will be able to own their own home again.
Edited for clarity. The boomers who bought their house for 30 cents already had their opportunity. If you’re one of those people, or your parents were a boomer that passed a house on to you, pipe down because you already won a long time ago. Now it’s time for the people starting from nothing to have a CHANCE at owning something.
Oh no, wont someone think of the realtors, bankers, over-leveraged landlords and investors, and seniors who have no intention of actually selling but like bragging about how much money they could sell for.
“ “Anyone who got a five-year fixed rate in 2021 averaged about 1.47 per cent and that’s all going to turn into a number around four per cent. That’s a significant payment increase and those that had more than one property, that’s hard to manage,” Butler said.“
If you own more than one property, you’re part of the problem, most likely. Zero tears to shed for those folks.
The downturn in housing values should be more accurately described as a correction toward sanity, and not a story of „gloom“. And I say that as a homeowner in his late 50s, who stands to lose potential retirement equity. I want my kids and younger generations to be able to afford rent and eventually own a house more than I want to cash in on a housing lottery.
Going to get worse, for like 5 percent of the people. Everyone else, yay, finally some positive news.
Already was off to a bad start when Carney couldn’t even have them build quarter of his promised 500k homes this year.
Oh no, people facing the reality of going over their heads at historically low interest rates.
Mayne you didn’t need to bid a wartime semi detached up to 1.6 million.
I bet they will bring back foreign investment after fifa.
Duh. Just was at a development committee meeting where an 8-unit development was recommended for denial because two residents came out in opposition. It was on a large lot that could support more units. But nah.
Beg harder for the government to bail them out again. Boo hoo it’s going down and you need to save the investment hedges. Articles like this will be cited and taken to government offices as signs people want it.
Headline of this story is weird. “It’s really going to get BETTER in Ontario!” would make more sense. The people who think it’s worse are already doing just fine.
I’m happy to give up some equity if it allows more young people to buy a home. 🏠
>sit tight and watch as further drops are expected
Haven’t we seen this advice before, basically from 2010 onwards on an annual basis…
>**The path to wealth shouldn’t be to buy property, but that’s the mindset that’s been fed to people for so long**
I just commented yesterday that Canadians investing in real estate instead of innovation is a major contributor to our poor economic productivity levels. If we really wish for Canada to persevere and be considered a world leader we have to grow through innovation.
There is no pain free way out of the housing mess we’ve created.
If prices stay high, buying a house and renting will remain expensive. People who own property will benefit.
If prices go down, it will be easier to afford a first home and to rent. People who very recently brought property or who are over leveraged will suffer. There will be impacts for investments generally, including pension funds.
Between the two, the second is the far better option. While there will be some pain, lower housing costs are a societal good. They also encourage investments in productive segments of the economy, versus people trading the same thing back and forth with each other and somehow thinking that that creates value
This quote is how housing should be
“The path to wealth shouldn’t be to buy property, but that’s the mindset that’s been fed to people for so long,” Couture said. “It would be better for Canada if people didn’t think of housing as investment but rather a place to live. it’s very hard to imagine that over the next few years you’ll see the kind of house price rises that people have been experiencing over the last decade.”
While some real estate firms are predicting slight rises in home prices in major markets across the country this coming year, several cities in Ontario and British Colombia are not included in those hopeful predictions.
Are these articles even edited? I suppose if 90% of people just read the headline why even bother I guess
Worse for whom, people who are trying to turn their house into a retirement plan and screwing the younger generations? Boohoo.
Honestly if you’ve had a rate of 1.5 for five years and haven’t been preparing for your rate to increase, you deserve it
Some don’t remember the early 80’s with 18% mortgage renewals. Lots of people lost everything so there is risk in home ownership.
As a homeowner that will be affected by this, I don’t care. Young people need houses. Greater good.
That’s not worse. It’s better.
Voters in the 2025 election: we need housing prices to come down because we can’t afford to live anymore.
Prices drop in 2026.
The housing market is so bad!
🤦♂️
are we talking about the downtown core also?
Worse is better
Having human right be tied to a reliable way of building net worth is fucked up.
I feel for those who bought a house to live in, but those with more than one property should assume that risk. People and developer got greedy and created this “bubble”, now it’s time to pay.
This is great news! Screw the boomers and multiple property slum lords. I’m hoping for lower home prices and rent in 2026/27.
My house could go down 200k and I wouldn’t know. I live here.
Property is waaaaay overvalued in most areas, I’m all for it stabilizing.
I say this as a homeowner, but my house which I bought for $450K selling for $1.2M is not beneficial to me, since I’d need to buy a different $1.2M home elsewhere. I wouldn’t be any further ahead.
Housing as a place to live rather than as an investment, what a novel concept. This is how it used to be when we lived as a society before Reaganomics and Thatcherism told us it was all about markets and money
„but the real estate firm painted a gloomy picture for Vancouver and Toronto regions, Canada’s two most expensive markets, where prices are expected to fall 3.5 per cent and 4.5 per cent respectively, year-over-year.“
Gloomy?? 😅 Let them fall, darnit!
> “The path to wealth shouldn’t be to buy property, but that’s the mindset that’s been fed to people for so long,” Couture said. “It would be better for Canada if people didn’t think of housing as investment but rather a place to live. it’s very hard to imagine that over the next few years you’ll see the kind of house price rises that people have been experiencing over the last decade.”
The reality is that everyone treats owning a home as an investment. Both people who own homes and those who want to own a home and that isn’t going to change anytime soon. For instance, if I had to guess the vast majority of Canadians would be against getting rid of the capital gains exemption on primary residences. However, if you don’t treat housing as an investment why would you care if it is taxed like any other investment? Its obvious people treat and will continue to treat residences as a tax sheltered investment and if you are against removing the principle residence exemption you are still treating a house as an investment.
It makes sense. Anyone that bought during 2021 when the market was still rising and locked into 5-year rates that were under 2% may find it difficult to renew when their mortgage expires this year. A lot of those people are cooked no matter what happens to the housing market.
Bring it on. I’m a home owner who got lucky and bought at the right time and I’m sick of seeing my friends and family being left behind.
The average human is fucked regardless of what country you live in. It’s just gonna take a couple more years for the world to notice.
When America Fucks, You are all fuck’d too. – Not the best way to word it, but honest. We have a Russian bus driver as a president.
It’s not going to get better, the liberals and conservatives allowed for corporations to even by houses it’s ridiculous. They want a country of renters paying and never owning anything. It’s turning into a shitty place to live or start a family.