Housing Market 2024 Predictions Canada. An excess of supply and many sellers have outpaced the buyers, as many remain waiting on the sidelines for interest rates to. A modest increase in average prices is predicted, reflecting a slow but steady recovery.
Economists expect a shift in gears to interest rate cuts as the economy softens. After reaching historically high levels in recent years, housing starts in canada are expected to decline in 2024, before recovering in 2025 and 2026, reflecting the lagged effect.