New board members bring tech and governance expertise
REALTOR.ca Canada Inc. has appointed three new directors to its board of directors, bringing deep expertise in customer experience, digital innovation, and strategic governance as the organization prepares for its next phase of growth.
The new directors – Peter Lukomskyj, Sheila Morin, and Sarah Miller Wright – join a board chaired by David Oikle and composed of professionals with a strong track record in real estate, marketing, and technology leadership.
REALTOR.ca said the appointments follow a rigorous recruitment process designed to strengthen the organization’s capacity in areas including consumer branding, e-commerce, and operational scale.
“It’s an honour to be joined by such visionary, strategic, and effective leaders,” Oikle said in a press release. “Peter, Sheila, and Sarah bring outstanding business acumen, cross-sector experience, and a deep understanding of the consumer. Together, we’re committed to providing the guidance, oversight, and accountability to help ensure REALTOR.ca’s continued success.”
Lukomskyj is CEO of Radiant Health and has experience in scaling customer-facing digital organizations. Morin, the chief marketing officer at Coveo, has led branding and pipeline strategies for tech companies. Miller Wright previously served as COO at Manulife and held senior roles at Shaw, with a focus on global operations and digital transformation.
They join an existing board that includes Oikle (chair), James Mabey (managing broker and former board chair), and Janice Myers (CEO of the Canadian Real Estate Association).
“We’re scaling REALTOR.ca to deliver more value for consumers, REALTORS®, and partners across Canada and their experience and expertise will be instrumental in guiding REALTOR.ca through its next phase of growth,” said Patrick Pichette, interim CEO of REALTOR.ca.
Revised housing forecast
Alongside these leadership changes, CREA issued a major revision to its national housing forecast, citing economic instability and an increasingly uncertain outlook for buyers and sellers. CREA now expects 482,673 residential properties to trade hands via MLS systems in 2025, which represents virtually no change from 2024. This is a steep revision from the 8.6% increase previously projected earlier this year.
The national average home price is forecast to decline by 0.3% to $687,898, a figure approximately $30,000 below January's forecast. CREA expects small declines in home prices in British Columbia and Ontario, while price increases in other provinces have been scaled back to the range of three to five percent.
Looking ahead to 2026, CREA projects home sales will increase by 2.9% to reach 496,487 transactions. Even with that growth, sales would remain below the half-million threshold for a fourth consecutive year. The national average home price is expected to rise slightly by 1.2% in 2026, reaching $696,074.
“While it was too early to incorporate the potential and significant downside risks of a trade war into the forecast at that time, the forecast did state that tariffs targeting the Canadian economy would put what had been expected to be a recovery year for housing in Canada in jeopardy,” the association said.
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“With buyers increasingly fleeing to, or remaining on, the sidelines amid tariff uncertainty, and with the associated economic damage only beginning, sales have continued to fall. Prices in some parts of the country are following suit.”
CREA called this the largest in-quarter forecast revision since the 2008–2009 financial crisis. The association added that persistent unpredictability, particularly around interest rates and the risk of stagflation, continues to make long-term housing forecasts highly uncertain.
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