At least one financial institution thinks real estate in Vancouver is headed for more activity and, with that, higher prices. In its mid-year outlook, Toronto-Dominion Bank expects homes sales will be stable for the rest of 2026 and have “modest acceleration in price growth” in 2027 and says “now now might be the Goldilocks window to jump in before things start heating up again.”TD also predicts sales growth will increase in British Columbia this year, with the caveat that part of that may be the result of the weaker-than-expected first half. The same applies to Ontario, the two Canadian markets that are typically the most volatile.
Here is part of TD’s report:
“Price expectations between sellers and buyers may also be becoming more aligned, greasing the wheels for transactions and supporting an improving trend in activity. Looking ahead to next year, recent affordability improvements should support rising sales activity. Still, sales levels are likely to trail their 10-year averages in both markets by a comfortable margin.”
B.C.’s timeline is expected to be quicker “due to underperforming luxury home sales.”
B.C.’s timeline is expected to be quicker “due to underperforming luxury home sales.”
Conversely, national sales are expected to decrease by 0.3 per cent over the next six months, adding this: “Even though sales growth is likely to be positive, the level of sales should remain low. In fact, our forecast sees sales taking until [the second half of 2027] to approach their pre-pandemic level, restrained by weak population growth and modest hiring activity over the projection horizon.”