Canada Housing Market Forecast 2024. Each quarter, crea updates its forecast for home sales activity and average home prices via multiple listing service® (mls®). Sellers and real estate experts expected renewed activity in canada's housing market after the bank of canada announced the first of two interest rate cuts in june 2024.

While the market is anticipated to cool in the first half of 2024, canadians’ perceptions of real estate as a good investment. Shmuel points to factors like climate.