
housing forecast


2024 housing market and interest rate forecasts
2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there’s optimism that 2024 will be the year of rate relief.

Canadian home prices expected to see sluggish growth in 2024, Re/Max says
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 won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC
The Canada Mortgage and Housing Corporation (CMHC) expects home prices to reach a bottom this year, but aren’t expected to fall below pre-pandemic levels.

Home prices to decline another 5-7% this year, but remain above pre-pandemic levels due to demand: Fitch
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
Rising interest rates in 2022 drove home sales and prices lower, but what does 2023 hold in store?

New Forecasts Suggest Home Price Declines Are Likely
A growing number of economic forecasts see Canadian house prices falling in the near term, with some suggesting declines of 20% to 30% or more.

7 in 10 Homeowners Say They Could Weather Higher Monthly Payments
Despite the prospect of higher interest rates ahead, nearly three-quarters of mortgage holders say they could handle a 20%+ rise in monthly payments.

2022 Housing and Interest Rate Forecasts
For the second straight year—and in the face of an ongoing pandemic—the Canadian real estate market has continued to defy gravity.

Romy Bowers Named New CMHC CEO as Outgoing Evan Siddall Addresses Off-the-Mark Forecasts
The Canada Mortgage and Housing Corporation has named its new CEO, capping what has been an extended search to replace outgoing chief Evan Siddall. Romy