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Ontario housing market set for modest rebound in 2027: Desjardins report
- Ontario’s housing market is expected to rebound modestly in 2027, according to a Desjardins report.
- Existing-Home sales are projected to rise nearly 5%, while average prices are expected to increase 2.4% in 2027.
- The Bank of Canada is expected to raise interest rates twice in 2027, potentially limiting affordability improvements and increasing construction financing costs.
- Housing starts are projected to rise about 6% to nearly 65,000 units, while rental conditions should remain balanced as new supply offsets weak population growth.
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19 Articles
19 Articles
The Toronto Star+18 Reposted by 18 other sources
Ontario housing market set for modest rebound in 2027: Desjardins report
TORONTO - A new report says Ontario's housing market is expected to improve "modestly" next year as favourable economic conditions help push buyers off the sidelines, though higher borrowing costs
·Toronto, Canada
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Total News Sources19
Leaning Left16Leaning Right0Center2Last UpdatedBias Distribution89% Left
Bias Distribution
- 89% of the sources lean Left
89% Left
L 89%
11%
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