Canadian home resales have been on a winning streak since April, inventory has levelled off, and prices appear to be stabilizing or at least falling more slowly. We see room for further gradual progress ahead as improved affordability and brightening job prospects shore up confidence, increasingly unlocking pent-up demand and slowly draining piled up inventory. But, the path is unlikely to be smooth or uniform across the country. The prolonged market correction in Ontario and BC will take time to heal. And, more resilient regions have little upside left amid stable or rising interest rates and stagnant population growth. …We project home resales and the benchmark price index to fall -3.6% to 453,200 units and -2.3% to $794,200, respectively, this year mainly reflecting weakness this winter and early spring. Recovery will become more visible by 2027 when we forecast transactions to grow 6.7% to 483,600 units, and the benchmark value edges higher by 0.8% to $800,700.