Ontario Housing Poised for Growth Amid 2027 Rate Changes

Ontario’s housing market is expected to recover modestly in 2027, with existing home sales rising nearly 5% and average prices increasing about 2.4% to $825,000. Factors include lower prices, rising incomes, buyer supports, and pent-up demand, though activity remains below long-term norms. Housing starts may rise 6% but stay 30% below recent highs. Potential Bank of Canada rate hikes and geopolitical risks could impact affordability and market stability.