Housing Market 2024 Canada. Robert kavcic, senior economist at bank of montreal, identifies the key questions for the housing market heading into 2024. Forecasts predict sluggish sales unless mortgage rates drop sharply or sellers start cutting prices.

In line with re/max’s housing price outlook for 2024, the market is likely to be active in the first quarter and into the spring — a trend that is already starting to. Stability describes the canadian housing market as we push through the heat of summer.