The Loonie Hour Canada's House Price Declines Should Continue in 2026
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Dec 26, 2025 Join housing and macro analyst Ben Rabidoux as he shares insights on the Canadian real estate market. He discusses Toronto's plunging new home sales, the potential reintroduction of foreign buyers, and his bold prediction for 2026: a population decline impacting housing demand. Ben outlines how increasing rental vacancies and declining rents signal an oversupplied market. The conversation also dives into economic effects from slowed population growth and the implications of global currency volatility on investments.
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Toronto New-Home Sales Plunge
- Toronto new home sales crashed to multi-decade lows, with only 165 GTA condo sales in November. This is ~90% below the 10-year monthly average and signals deep weakness in new-home demand.
Foreign Buyers Could Return In 2027
- The federal foreign-buyer ban expires in 2027 and political pressure may lead to relaxed rules to attract offshore capital. Canada may follow Australia by allowing foreign pre-sale purchases to finance development.
Australia's Model Isn’t A Clean Fix
- Australia allows foreigners to buy new or pre-sale units but not resale homes, which still contributed to extreme price rises. The Canadian debate mirrors Australia's problems and trade-offs about housing affordability.