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Ontario Housing Market Forecast 2024

Ontario Housing Market Forecast 2024. June 2024 housing market charts available. The ontario housing market experienced a significant correction in 2023, primarily driven by bank of canada rate hikes that led to rising interest rates, dampening demand.


Ontario Housing Market Forecast 2024

2024 is predicted to see a boost in home sales by 13.9% as the housing market increases and continues to bounce back. The national average home price is forecast to climb 4.9% on an annual basis to $710,468 in 2024.

The National Average Home Price Is Forecast To Climb 4.9% On An Annual Basis To $710,468 In 2024.

National home sales are forecast to rise 13.9 per cent to 561,090 units in 2024 as housing markets continue to return toward trend and monetary policy moves towards a more neutral stance.

Uncover Our Predictions For The Ontario Housing Market In 2024.

2024 is predicted to see a boost in home sales by 13.9% as the housing market increases and continues to bounce back.

Ontario Housing Market Forecast 2024 Images References :

Thomas For May 2024 Was $607,100, 2% Lower Than Last May And 0.7% Higher Than Last Month.

Low inventory has been a common trend across many ontario housing markets, putting prices on an upward.

Ontario Home Prices Are Currently Sagging Due To Surging Mortgage Rates.

Accompanying this surge is a notable 139% increase in listings and a significant 75% uptick in unit sales.