house price outlook Archives - Mortgage Rates & Mortgage Broker News in Canada

Home prices expected to climb 4.9% in 2024 as sales rise last month: CREA

April 12, 2024 No Comments

The Canadian Real Estate Association says it’s now expecting the national average home price to climb 4.9% on an annual basis to $710,468, more than double the hike it had predicted at the start of 2024.

Home prices could hit peak levels by next year, set new highs in 2026: CMHC report

April 4, 2024 No Comments

The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.

Canada’s housing market to stabilize, but don’t expect return to “rollicking” price gains, BMO says

January 29, 2024 No Comments

While stability is expected to return to the country’s housing market this year as interest rates ease, homeowners shouldn’t expect a return to the “rollicking” price gains of previous years.

2023 marked 15-year low in Canadian home sales, but ended with December “bounce”

January 15, 2024 No Comments

Canadian existing home sales reached their lowest level in 15 years in 2023, although the year did end on a high note with a December “bounce” in activity.

Canadian home prices expected to see sluggish growth in 2024, Re/Max says

November 28, 2023 No Comments

Home price growth across Canada is expected to remain sluggish in 2024, while the country’s largest housing market—Toronto—is expected to see prices fall, according to a new forecast released today by Re/Max.

Home prices to decline another 5-7% this year, but remain above pre-pandemic levels due to demand: Fitch

February 25, 2023 No Comments

Canadian home prices could fall another 5% to 7% in 2023, according to the latest forecast from Fitch Ratings.

2023 housing and interest rate forecasts

December 29, 2022 No Comments

Rising interest rates in 2022 drove home sales and prices lower, but what does 2023 hold in store?

Long-term prospect for Canadian home prices

Long-term prospects for Canadian home prices are positive

December 13, 2022 1 Comment

The decline in national home prices this year will not turn into a prolonged downfall like the one that happened in the early 1990s.

house price outlook