Canada’s rental market is expected to cool – not collapse – moving forward, meaning rents will still likely increase, but not as significantly as they did in 2023
For people looking to buy in 2024, expect the resale market to heat up during the second half of the year – especially since an interest rate cut is expected in July
Resale price gains likely won’t be equally spread across Canada; TD Economics predicts that average home price growth in Alberta, Quebec, and parts of the Atlantic will increase more than in Ontario and B.C.
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