Canadian and New Brunswick Housing Market Outlook for 2025–2026
The Canadian Real Estate Association (CREA) has released its updated housing market forecast for 2025 and 2026. The numbers show a steady national picture and continued strength in New Brunswick’s market.
Canada Overview
After a year of mixed results, home sales across Canada are expected to dip slightly in 2025 before rebounding in 2026. CREA projects about 473,000 homes will sell through the MLS® System in 2025, a small 1.1% drop from 2024. Sales are then forecast to rise to roughly 509,000 in 2026, a healthy 7.7% increase.
Average prices are following a similar pattern. Nationally, the average home price is expected to be around $676,700 in 2025, down just 1.4% from 2024, before climbing back to about $698,600 in 2026. This means prices are holding steady near record levels and are expected to rise again as market confidence improves.
New Brunswick Market
New Brunswick continues to show stable and consistent growth. CREA forecasts about 9,657 residential sales in 2025, up 1.9% from 2024. Activity is expected to grow again in 2026, reaching about 10,000 transactions, a 3.7% increase.
Prices in the province are also on an upward trend. The average home price is expected to reach $348,000 in 2025 and rise to $356,000 in 2026. Although the pace of growth is moderating compared to the last few years, New Brunswick remains one of the most affordable and resilient markets in the country.
What This Means for Buyers and Sellers
For buyers, the national slowdown in 2025 could provide a small window of opportunity before prices begin climbing again. In New Brunswick, steady growth and affordable prices continue to make it an attractive market for both first-time buyers and those relocating from higher-cost provinces.
For sellers, the outlook remains positive. Demand in New Brunswick is expected to stay strong thanks to population growth, lifestyle appeal, and continued affordability relative to much of Canada.
The Bottom Line
Canada’s housing market is stabilizing after a period of uncertainty, and New Brunswick continues to stand out for its balance and steady upward momentum. As 2026 approaches, both national and local forecasts point to renewed growth and sustained confidence in the market.
