Canada Housing Market Forecast 2024. Following another quiet spring and increased levels of supply, the canadian real estate association (crea) has scaled back its housing market forecast for 2024 and 2025. 34% of homebuyers shopped for a mortgage lender in 2023, compared to 26% in 2022.
The national average home price is forecast to climb 2.5%. Td economics has revised its forecast for canada’s housing market to account for steeper sales and price declines in 2023, followed by a rebound in 2024.