Housing Market 2024 Canada Predictions

Housing Market 2024 Canada Predictions. Ontario's housing market declined in august 2024, with an average home price of $817,915, a 2.4% decrease from the previous month and a 1.2% drop from the previous year. Predictions for 2024 include a 0.25 per cent increase and expectations of rate cuts in q2 2024.

Home prices are declining in some markets—and rising in others. The pace of home sales in ontario in 2023 dropped to lows not seen this century, and with little evidence that mortgage rates will drop significantly any time soon, forecasts are predicting the.