CMHC expects housing conditions to improve gradually in 2027 as incomes and economic growth strengthen.

Sales should recover, but CMHC expects activity to remain below the typical levels seen during the previous decade.

CREA forecasts only modest national price growth, suggesting stabilization rather than another major price surge.

Higher inventory and weaker demand in some markets could continue giving buyers more negotiating room.

For expert insights on the Burnaby real estate market, connect with Christine Jang, REALTOR® at Macdonald Realty Westmar.