2024 Housing Market Forecast

Here's a look at what's going on with Canadian housing markets.Will interest rate drops raise home prices? What places in Canada can offer better affordability? It is a buyer's market? Read on for some answers.Mortgage Rate ForecastSee current ratesJul 20, 2024Updated from Jun. 17, 2024ARTICLE CONTENTSNational Average MLS® Home Price2024 Housing ForecastWhat can keep home prices down?Lower national housing starts likely to impact pricesCan drops in both home prices and rates co-exist?More housing tidbitsCalculate your home affordabilityAre we in a housing bubble?What's hot in housing?Housing underdog — best value areasIs it a buyer's or seller's market?Last 5 years: How do home prices compare?See some statsYour best rate and mortgage can help your affordabilityGetting warmer.National Canadian housing markets showed slight warming in June after a rather sluggish first half of 2024. Home sales increased by 3.7% from last monthNew listings gained 1.5% (compared to +0.5% in May; up 28.4% s...