Housing Market 2024 Predictions Canada

Housing Market 2024 Predictions Canada. Crea predicted 2024 would see 10% more homes. Housing market activity is stirring, yet canadian sales gains have, thus far, trailed what could typically be expected given this rush of rate relief.

This indicates a gradual increase in sales activity over the next two years, though not as dramatic as many had previously. Expect a stable policy rate in the first half 2024, coinciding with around 3.4 million canadians renewing mortgages at higher rates over the next 18 months.