Family Office Briefing on research byMarcus & Millichap·May 22, 2026

Canada Housing - May 2026

Marcus & Millichap's May 2026 brief reports tentative stabilization in Canada's housing market, with median single-family home prices edging up monthly for the first time in over a year, though year-over-year pricing remains negative and higher mortgage rates may limit near-term momentum.

2026

Key Metrics

Metric	Value	Change / Context
Median Single-Family Home Price Change (YoY)	-3.4%	April 2026 vs April 2025
Home Sales Change (MoM)	0.7%	Monthly change
National Sales-to-New Listings Ratio	45.6%	Current period

Metrics extracted from the source report and independently fact-checked. Method →

How a family office could deploy

Co-GP / Platform Capital · share the promote

Partner with a Canadian multifamily developer or value-add operator as co-GP or through a GP-stake, funding their platform to access purpose-built rental development pipelines that benefit from GST/HST removal and CMHC financing, sharing promote on stabilized assets in undersupplied Toronto and Vancouver markets.

Direct / Separate-Account Ownership

Acquire stabilized multifamily assets directly or via separate account in major Canadian metros where elevated ownership costs are keeping renters in place, gaining control over underwriting and the ability to move quickly on distressed or off-market opportunities.

LP Allocation

Commit as LP to a Canadian multifamily fund targeting value-add or development in Toronto/Vancouver, though this sacrifices GP economics and direct asset control.

How family offices deploy capital into real estate →

Full report

Marcus & Millichap

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