The Market Just Cracked! | Canadian Real Estate Market Update January 2026

Canadian Real Estate Market Update January 2026

𝗟𝗲𝘁 𝗺𝗲 𝗳𝗶𝗻𝗱 𝘆𝗼𝘂 𝘁𝗵𝗲 𝗽𝗲𝗿𝗳𝗲𝗰𝘁 𝗥𝗲𝗮𝗹𝘁𝗼𝗿! 📆 𝗕𝗼𝗼𝗸 𝗮 𝗺𝗲𝗲𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗲! https://calendly.com/matthewpfeifer

Is the Canadian real estate market finally crashing, or are we just seeing a seasonal blip? We are starting 2026 with some shocking data. In Toronto, home prices have dropped by $60,000 year-over-year, and Vancouver just saw its slowest sales month in decades. Meanwhile, markets like Quebec City are seeing massive double-digit price gains despite economic fears.

In this monthly Canadian real estate market update, I break down the latest stats, trends, and data for Vancouver, Toronto, Ottawa, Montreal, Quebec City, and Halifax to show you exactly what is happening in your local market.

Vancouver Real Estate Market: Sales are down 25%, and inventory is at record highs. Prices have officially dropped back to 2022 levels. Is this the best buyer's market in Canada? Toronto Real Estate Market: It's been 20 years since sales were this low! Inventory is up nearly 90%, and the benchmark price has fallen to $942,900. Ottawa Real Estate Market: Despite fears of government job losses, Ottawa prices remain resilient. Inventory is up 79%, but it’s still technically a seller's market. Montreal Real Estate Market: Sales and new listings are both down, but prices are holding strong at $570,000 (up 5% year-over-year). Quebec City Real Estate Market: The outlier of 2026! While others cool, Quebec City prices have surged 12% year-over-year to over $420k. 8:15 - Halifax Real Estate Market: Inventory is finally recovering (up 36%), but prices keep climbing, now averaging over $609,000

This is the monthly Bald Prairie Real Estate monthly Canadian housing market update for January 2026.

[0:00] The Part with the Bad Dad Joke
[1:17] Victoria Real Estate Market Update
[2:45] Call me, Maybe.. :-)
[3:11] Regina Real Estate Market Update
[5:24] Saskatoon Real Estate Market Update
[6:56] Halifax Real Estate Market Update
[9:06] Edmonton Real Estate Market Update
[11:42] Calgary Real Estate Market Update
[13:45] Winnipeg Real Estate Market Update
[16:40] Toronto Real Estate Market Update
[17:38] Call me, Maybe (-;
[18:16] Toronto Real Estate Market Update
[21:54] Montreal Real Estate Market Update
[24:54] Ottawa Real Estate Market Update
[27:50] Québec City Real Estate Market Update
[30:10] Vancouver Real Estate Market Update


𝗠𝗮𝘁𝘁𝗵𝗲𝘄 𝗣𝗳𝗲𝗶𝗳𝗲𝗿'𝘀 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻:
🔗 https://linktr.ee/baldprairierealestate
➡️  / baldprairierealestate  
➡️ facebook.com/baldprairierealestate
📞 (306) 591-3353
📧 matthew@baldprairierealestate.com
Royal LePage Next Level

My name is Matthew Pfeifer, and this is Bald Prairie Real estate, a Canadian real estate channel. I am a REALTOR® in Regina Saskatchewan working for Royal LePage Next Level. In over 10 years working as a real estate agent, I have seen both ups and downs in the market. But there is no real estate market that you cannot buy or sell a house in. Often the media tries to present a Canadian real estate market, or they talk about the real estate market in Canada as if there is a national real estate market. The real estate market in Canada is very regionalized and local, which is why my monthly Canadian real estate market does not just look at the national statistics, or updates that cover Vancouver and Toronto only, but other individual cities like Calgary, Halifax, Montreal and more. The very local aspect of the Canadian real estate market is why it can be so hard for governments to craft policy for the "Canadian" real estate market. Being from Regina, me and my team specialize in the Regina real estate market and have a much different approach and outlook on Canadian real estate than a REALTOR® from a larger market like Toronto or Vancouver. I cover first-time home buyer topics, tips for selling your home, how to buy a house in Canada, monthly Canadian housing market updates and weekly Canadian real estate news recaps.


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