Canada Housing Market Outlook 2024. The updated forecast projects real gdp growth of 1.2% for 2024, followed by 2.6% growth in 2025, with real gdp per person falling by 1.6% in 2024 before clawing. Canada’s housing market has passed its previous peak and is in a period of declining house prices, reduced home sales, and a softer market overall.
Today we’re going to dive into the latest housing market outlook report which forecasts housing activity for canada and its six major markets. Meantime, new listings continued to gradually rise, up 1.1% in august (seasonally adjusted) and 2.1% from a year ago.
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