Housing Market 2024 News Canada. Increasing the $1 million price cap for insured mortgages to $1.5 million, effective december 15, 2024, to reflect current housing market realities and help more canadians. The canadian real estate association is downgrading its housing market forecast for the remainder of the year again, saying the bank of canada's interest rate cuts haven't.

An economist with td bank says he expects to see a significant increase in housing market activity from now until the end of the year as more buyers come off the. The 2024 canada housing plan aims to create 3.87 million homes by 2031 while recognizing tenants.