North American Housing Update: Where Are Costs Rising and Falling?

Housing markets across the U.S. and Canada are shifting, with changes in rental prices and home purchase costs presenting new considerations for employers relocating talent.

AIRINC's latest North American Cost of Living Update explores how rental and home purchase markets are evolving, revealing important regional differences that could influence domestic relocation costs.

But as housing markets change, another question emerges: Are companies adjusting their domestic relocation policies to reflect these conditions?

1. Home Purchase Trends: A Market in Transition

Across North America, home purchase markets are adjusting to changing affordability, mortgage rates, and housing supply.

In the United States, some markets are experiencing slower price growth and greater negotiating opportunities for buyers, while limited inventory continues to create challenges elsewhere.

In Canada, borrowing costs and affordability pressures are influencing buyer activity, with conditions varying significantly between locations.

2. Rental Markets: Where Are Costs Rising or Falling?

Rental markets are also showing a mixed picture.

In several U.S. markets, increased apartment supply has created more choice for renters. However, single-family rental properties remain in low supply in most locations.

Canada's rental markets are also adjusting as new supply enters the market and demand conditions change.

3. What Does This Mean for Domestic Mobility Programs?

Housing is one of the most significant costs employees face when relocating. As local markets change, relocation support needs to reflect current conditions.

For mobility teams, understanding these differences can help inform decisions around:

Housing and rental allowances
Mortgage subsidies and home purchase support
Cost-of-living allowances
Lump sum relocation payments

How Are Employers Responding? Help Shape AIRINC's Domestic Relocation Benchmark

Understanding housing costs is one part of the picture. Knowing how other organizations are supporting relocating employees is equally important.

AIRINC's 2026 U.S. Domestic Relocation Benchmarking Survey explores how companies are approaching relocation benefits, housing affordability, lump sums, home sale assistance, and policy flexibility.

By participating, organizations can contribute to a clearer understanding of current domestic relocation practices and receive complimentary comprehensive benchmark results to help evaluate their own programs.