TD Economics has sharply downgraded its outlook for Canada’s housing market, no longer expecting growth in home sales or prices this year after a weak start to 2026.

Ontario and Canada have expanded the 13% HST rebate to all buyers of new homes up to $1.5M, effective April 1, 2026. With rebates capped at $130K, the measure aims to improve affordability, stimulate demand, and support increased housing supply across the province.

Fixed rates likely to jump as Iran conflict and economic unease continue to push yields higher