Housing Market 2024 Canada

Housing Market 2024 Canada. Canada’s housing market experienced slight gains in home sales during the month of august 2024 on both a monthly and annual basis, on the heels of bank of canada rate cuts in june and july 2024. Growing communities and building more homes, faster;

The national average home price is forecast to rise by 5% from 2024 to $729,319 in 2025. The average selling price of a home in canada was $717,800 for the month of august 2024, that’s decreased by 1.0% compared to the previous month.