TD cuts housing forecast but warns pent-up demand could be ‘unleashed faster or more forcefully than expected’

A new report highlights pent-up housing demand in Canada, especially in Ontario and B.C., potentially unlocking in 2027 due to improved economic conditions and affordability. However, 2026 faces challenges with slow sales, a sluggish economy, and cost pressures. Population declines in Ontario and B.C. contrast with growth in Alberta, which sees stronger housing demand. Rising oil prices benefit energy provinces but may reduce purchasing power elsewhere. Atlantic Canada shows mixed trends, while Quebec faces a cooling market. Risks include geopolitical tensions and trade renegotiations.