Ontario Real Estate Briefing: Budget 2026 Housing Measures
By YorkNine Desk · · Market watch
Ottawa promoted its Budget 2026 affordability measures in Milton on Monday, while the budget also adds permanent resident spots and changes how the foreign buyer ban treats new homes.
Top lines
- Parliamentary Secretary Ryan Turnbull promoted Budget 2026 affordability and housing measures in Milton on November 9.
- Budget 2026 adds 200,000 permanent resident spots in 2027, though one analysis says the housing effect will be limited.
- Budget 2026 reportedly extends the foreign buyer ban but leaves new homes out of it.
- Montreal-area home sales fell 17.7 per cent in October as inventory rose.
Ottawa promotes Budget 2026 affordability and housing measures in Milton
Ryan Turnbull, a parliamentary secretary in the finance portfolio, stopped at a Milton community centre on November 9 to promote Budget 2026 steps aimed at lowering household costs, housing among them. (Department of Finance Canada) Ottawa says the plan keeps its books on course to cover day-to-day operating spending from revenue by 2027-28, a full year ahead of schedule. The release also names a 2027 supplement to the grocery and essentials benefit, a new benefit for lower-wage workers and a fully refundable caregiver credit.
Why it matters: The excerpt cuts off before it reaches the measures for homeowners, so owners and buyers should read the budget documents themselves or speak with a licensed professional before acting. For a picture of current supply across the region, browse homes for sale by area.
Budget 2026 adds 200,000 permanent resident spots for 2027
Budget 2026 creates 200,000 additional permanent resident spots in 2027, and Better Dwelling says the total could pass 580,000 by the end of next year once regular admissions and existing programs are counted. (Better Dwelling) The outlet argues the housing effect will be small, because the added spaces are meant to keep people who are already in the country rather than bring in new arrivals. It also points out that regular admissions over the first eight months of 2026 reached only 57 per cent of the year's target.
Why it matters: If the extra spaces mostly convert existing residents, the push on rental and ownership demand may be modest, according to this analysis. Renters and investors may want to follow actual admissions through the year rather than rely on targets alone.
Foreign buyer ban to continue, with new homes carved out
Better Dwelling's weekly roundup reports that Budget 2026 will keep the ban on foreign buyers in place but stop applying it to newly built homes. (Better Dwelling) The same roundup lists weak home sales among the week's main themes.
Why it matters: As described, the change touches new construction rather than resale homes, which could matter to buyers weighing new against existing options. Any rule change should be confirmed with a lawyer or another licensed professional. Current GTA asking prices are collected on the Toronto homes for sale page.
Montreal home sales fall 17.7 per cent in October as inventory climbs
Home sales in the Montreal area dropped 17.7 per cent from a year earlier in October, to 3,252 from 3,950, according to the Quebec brokers' association. (Canadian Mortgage Trends) The median price of a single-family home edged up 1.6 per cent to $640,000, while total listings for sale grew 18.2 per cent to 21,817.
Why it matters: This is a Quebec market, but it shows cooler demand and growing supply with prices roughly steady. In the GTA, YorkNine's snapshot of active listings shows a Toronto median asking price of $778,000 and a median of 41 days listed. These are asking prices of active listings, not sale prices or official board statistics. Use the mortgage calculator to test a budget, and speak with a licensed professional about your situation.
By the numbers: YorkNine listings pulse
City · Active homes for sale · New for-sale listings (last 7 days) · Median asking price · Median days listed
Toronto · 11,255 · 1,191 · $778,000 · 41 Mississauga · 2,644 · 227 · $849,400 · 42 Brampton · 1,778 · 177 · $869,000 · 39 Vaughan · 1,448 · 142 · $999,900 · 42 Markham · 1,335 · 135 · $969,000 · 43 Oakville · 1,098 · 103 · $1,399,000 · 42
Source: YorkNine analysis of active public MLS® listings (IDX) on 2026-11-10. Asking prices of homes currently for sale, not sale prices; not official board statistics.
Sources
- Ryan Turnbull highlights Budget 2026 measures to make life more affordable for Canadians — Department of Finance Canada, 2026-11-09
- Canada To Add 200,000 Permanent Resident Spots, Housing Boost Limited — Better Dwelling, 2026-11-09
- Montreal home sales fall 18% in October, prices tick higher: real estate board — Canadian Mortgage Trends, 2026-11-09
- This Week’s Top Stories: The Data Center Real Estate Bubble, Weak Home Sales, & Mortgage Losses — Better Dwelling, 2026-11-08
- YorkNine analysis of active public MLS® listings (IDX), 2026-11-10. Asking prices of homes for sale; not official board statistics.
This article is general information, not financial, legal, tax or investment advice. Speak with a licensed professional about your situation. Statistics attributed to other organisations are theirs. Images are AI-generated and do not show the actual places, people or events reported.
MLS®, Multiple Listing Service® and the associated logos are trademarks owned or controlled by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. REALTOR® is a trademark controlled by CREA that identifies real estate professionals who are members of CREA.
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