Experts said Canada had taken small steps forward, with affordability improving in key markets, yet overall progress still fell short of solving supply challenges.
Canada has been building ~250K homes yearly, but restoring affordability and closing the backlog required ~400K to 470K new homes each year.
Over the past decade, population growth outpaced housing production, leaving a deficit that could not be erased quickly even if construction activity accelerated.
Public frustration stayed high: ~80% of Canadians said housing was not functioning properly, and ~75% felt too few homes were being built.
Looking ahead, pent-up demand could emerge when confidence improves, and housing was expected to remain a major political issue across Canada for voters.

Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day.
In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints.
Soon, All Saints' Day incorporated some traditions of Samhain and the evening before was known as All Hallows Eve, and later Halloween.
Over time, Halloween evolved into a day of activities like trick-or-treating, carving jack-o-lanterns, festive gatherings, donning costumes and eating treats.
Today’s the day to eat candies and sweets to your heart’s content! Happy Halloween!

Curious about the top-tier properties in New Westminster this September? Here’s a look at the most expensive homes currently on the market, with prices ranging from $2,499,999 all the way to $5,000,000. As someone who specializes in the Vancouver and Greater Vancouver real estate scene, I keep a close eye on these high-value listings to ensure my clients have up-to-date insights into the luxury market. Whether you’re considering a move up or just want to stay informed, understanding these prices can help you navigate your own real estate decisions with confidence and clarity.

We’re seeing national home prices at their softest point since early Q2 2023, with a national index of 11 major cities slipping by less than 0.5% month-over-month in the latest data. That’s eight declines in the last nine months, reversing the gains we saw not long ago. Across the country, prices are now down about 4% from their late-Q4 2025 peak. The rebound from earlier this year faded quickly, as the adjusted measure dipped nearly 0.5%—the first decrease in six months, despite recent support from stable employment and a bit of improved affordability. Annual price losses have deepened to around 4% nationwide, with Vancouver, Hamilton, and Toronto at the forefront of the declines, even as places like Quebec City, Montreal, and Winnipeg saw some gains. For those watching Vancouver’s market closely, these movements highlight how quickly conditions can shift. With higher bond yields on the horizon, new mortgage costs are expected to rise, borrowing power may be squeezed, and affordability will be put to the test as sales activity cools again. As someone who advocates for clients every step of the way, I believe it’s essential to stay informed and approach each decision with a clear understanding of these evolving trends.