Housing Market 2024 Canada Predictions

Housing Market 2024 Canada Predictions. More homes will hit the market as homeowners accept that mortgage rates aren’t falling any time soon “higher. Economists expect the chilly conditions to continue into 2024, but with interest rate cuts finally on the horizon, a turning point may not be that far off.

Canada’s housing market is “starting to turn a corner,” the country’s national real estate association says. Each quarter, crea updates its forecast for home sales activity and average home prices via multiple listing service® (mls®).