What happened
The Canadian Real Estate Association has lowered its 2026 forecast for home sales for a second time, even though June itself saw a modest rise in transactions, per Canadian Mortgage Trends.
Forecast downgrades sound gloomy, but for buyers they translate into something practical: fewer competing bidders. Slower expected sales mean listings sit longer, conditional offers come back into fashion, and sellers price more realistically.
“despite a small uptick in the number of homes that changed hands in June” — CREA now expects home sales decline in 2026 as it lowers forecast again, Canadian Mortgage Trends
The EverLend take
Markets like this reward prepared buyers. With financing arranged in advance, you can negotiate from strength — on price, closing date, and conditions — while others are still gathering paperwork.
Source & further reading: CREA now expects home sales decline in 2026 as it lowers forecast again on Canadian Mortgage Trends.
Wondering what this means for your own mortgage? Talk to an EverLend agent — no cost, no pressure.