Canada Housing Faces Trade Turmoil

With nearly two decades guiding Calgary families through every shift in the market, I’m always watching for what’s next—and right now, our Canadian housing scene is feeling the weight of global trade tensions, oil price uncertainty, and inflation. Activity is down about 7% compared to last year, and national sales dipped slightly month-over-month. Higher bond yields have nudged fixed mortgage rates up, adding another layer for homebuyers to consider. The Bank of Canada is holding steady on its policy rate, and with inflation hovering close to 3% for a second month, some economists are even talking about possible rate cuts—but not until 2027. For 2026, expectations lean toward stable rates or maybe a small increase. The wildcard? A US trade deal could quickly breathe new life into the market. For now, I’m advising clients to keep a close eye on the next 6 to 12 months. Whether you’re a first-time buyer or looking for your next renovation project, staying prepared is key—especially in times like these.