Housing Market 2024 Canada

Housing Market 2024 Canada. Canada's housing market is experiencing a slower rate of sales. Canada is at a critical juncture — our housing market is unaffordable for many and our environmental goals are becoming increasingly urgent.

Ontario housing market as of july 2024. While the bank of canada expects that at least 8 in 10 mortgage holders will face a “relatively large” mortgage payment increase by the end of 2025, expected interest rate cuts in the years ahead should help ease that payment shock.