Reported about 1 month ago
A Reuters poll indicates that Canadian home prices are projected to rise only modestly in 2024 and in the following years, despite ongoing interest rate cuts aimed at boosting affordability. After surging during the COVID pandemic, prices have decreased marginally, and experts predict a mere 1% increase in 2024, trailing behind the anticipated inflation rate. While increased supply is being noted, demand remains weak, and it is uncertain how significantly affordability will improve for first-time homebuyers.
Source: YAHOO