Housing Market 2024 Canada Predictions. 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. Is canada's housing market headed for a slowdown?

The national average home price is forecast to climb 2.5% on an annual. The bank of canada’s policy rate could act as a barometer for the housing market in 2024, with rate cuts potentially bringing home buyers and sellers off the sidelines.