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flag Canada's housing market slowed sharply in 2025–2026 after immigration cuts reduced demand, causing falling rents, fewer builds, and stagnant growth.

flag Canada’s population growth has nearly halted in 2025 and 2026 after immigration targets were cut 16 months ago, leading to a 2% year-over-year drop in rental prices—16 straight months of declines—especially in Ontario and British Columbia. flag This reduced demand has caused a surplus of new condos, cooling investor activity, and a 3.5% drop in housing starts for four consecutive months. flag While detached housing remains stable, broader housing market stagnation is emerging. flag Economic growth slowed to 1.7% in 2025, the weakest pace since 2016 outside the pandemic, though consumer spending and rate cuts have provided some support. flag Experts say full impacts may not be clear until 2028, when growth is expected to normalize.

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