Housing Market 2024 Interest Rates Canada
Housing Market 2024 Interest Rates Canada. The biggest factor our experts use to make housing market predictions for 2024 in canada will be interest rates. The national average home price is forecast to rise by 5% from 2024 to $729,319 in 2025.
The bank of canada has held rates steady over three rounds of decisions as inflation continued to moderate, but the central bank has said it could still raise rates. As noted above, 2024 could be the year of interest rate relief.