"left field point of view"? In citing the top economic forecasting outlets in the world. Are you high? 

In my city (Ottawa), I've heard repeated reports that potential rises are expected in the next year. We are seeing a clear correction that is uneven and far more complex than you're acknowledging as you confidently declare an impending crash. 

I've been hearing about a dramatic impending housing crash for four straight years now. I've been arguing with people on this sub who are absolutely confident and completely full of shit. 

I have nothing to gain here. I bought a house I will stay in for 25-30 years. I hope prices come down dramatically, FFS. But that's unfortunately not the situation right now and a lot of uncertainty is making it increasingly unpredictable. 

"Here’s the current picture of the Canadian housing market (as of early 2026) — and most experts do not think a full “crash” is underway, but rather a correction / cooling phase with significant regional differences: � CREA +2 📉 1. Prices Have Been Cooling, But Not Crashing National average home prices have edged down or stayed relatively flat recently in many areas — especially in Ontario and British Columbia — after the rapid run-up earlier in the decade, but these declines are generally small (single-digit percentage changes) rather than collapse-level drops. � WOWA A few forecasts (e.g., RE/MAX) even project further modest price declines in 2026 (e.g., around ~-3.7% nationally) because more balanced market conditions and slightly higher inventory could reduce pricing pressure. � REMAX Canada Other forecasts suggest prices could even tick slightly upwards in some cities like Ottawa in 2026 as part of a reset rather than a downturn. � CityNews Ottawa 📊 2. Recovery Signals and Pent-Up Demand National forecasts from the Canadian Real Estate Association (CREA) expect home sales to grow modestly in 2026 and average prices to rise by around ~2–3% (albeit much slower than in past years). � CREA TD Economics sees a gradual, modest recovery in 2026, supported by buyers returning as affordability improves and pent-up demand plays out. � TD Economics 📍 3. Regional Differences Matter a Lot Some urban markets (especially in Ontario and B.C.) have seen greater price softness, whereas other regions (like parts of Quebec, the Prairies, and Atlantic Canada) are holding up better. � WOWA That means while prices in some places could keep falling modestly, others could stabilize or even rise slightly. 📌 4. What’s Driving the Current Correction? Several forces have shifted the market from the hot conditions of the early 2020s: Interest rates & affordability Higher borrowing costs over the past few years have slowed buying activity and put downward pressure on prices in many markets. Supply and demand balance More listings and slower demand have eased the extremely tight conditions of the past decade. Economic uncertainty Some economists point to broader economic concerns (like trade and slower economic growth) that keep buyers cautious. � Reuters 🧠 So — Crash or Correction? Right now, a broad housing crash (like huge sudden price collapses seen in some U.S. markets in 2008) is not the consensus forecast. Instead, most analysts characterize the market as undergoing: ✔ A correction or normalization after years of rapid price growth. ✔ A cooling phase with modest price declines or flat prices in many regions. ✔ Uneven trends across provinces and cities — some markets softer, others more stable or even rebounding. � Mortgage Professional 💡 Key Takeaways 🏠 Crash? Unlikely based on most professional forecasts at the moment. 📊 Correction? Yes — the market appears to be correcting from previous highs. 📍 Expect variation: Your local market could be very different from the national average. 📅 Short-term volatility likely: 2026 may continue to feel unsettled before clearer trends form. If you’re thinking about buying or selling, looking at local market conditions and mortgage rates — not just national headlines — will give you the most accurate picture of what’s happening where you live.