As we head into 2026, I’ve been getting a lot of questions about what’s coming next for homeowners and buyers.
So, I wanted to share a quick note with you, no jargon, no pressure, just a helpful look at what market experts are saying and what it could mean for you.
The housing market in 2026: steady, not wild
The word most often used to describe 2026 is “balance.” Home prices are expected to rise slowly in many areas, not jump as quickly as in the past. Some markets will be busier than others, but overall, things should feel calmer and more predictable.
For buyers, this can mean less pressure to rush and more time to make good decisions. For homeowners, it means values are holding up, and long-term stability is still there.
One of the biggest things happening in 2026 is mortgage renewals. Many Canadians will be renewing mortgages that were set up years ago, when interest rates were much lower. That means some people may see higher payments when their term ends.
The good news? You have options, and planning ahead can make a big difference.
Even if your renewal is still months away, it’s smart to:
- Review your mortgage now
- Look at different lenders (not just your current one)
- Talk through strategies that fit your budget
What about interest rates?
Rates are always top of mind, and in 2026, most experts expect them to be fairly steady, not jumping up or down dramatically. That means fixed rates may remain higher than they were years ago, and variable rates will still be a good fit for some borrowers. There’s no one-size-fits-all answer. What matters most is choosing a plan that fits your comfort level and goals.
Here are a few easy things you can do this year:
- Know when your mortgage renews
- Ask questions early, even if you’re “just thinking”
- Review your budget and future plans
- Reach out if you want a second opinion
In a more balanced market, working with a mortgage broker and having the right advice matters even more. I will help you compare options across multiple lenders, understand the numbers in plain language, and explore solutions beyond a standard mortgage when needed.
Remember, I work for you. My goal is to help you feel confident and prepared, not rushed or confused. 2026 doesn’t look scary; it just looks different. With the right plan and the right support, there are great opportunities ahead.
If you ever want to talk through your situation or explore options that might work for you, I’m always happy to help.