The Housing and Mortgage Market Review: Q2 2024

Related Articles

Mortgage Professionals Canada is delighted to announce our new collaboration with Oxford Economics in delivering our revamped Housing and Mortgage Market Review. This essential resource is designed to help you stay on top of the latest economic trends and forecasts, aiding you in strategic mortgage planning.
The Housing and Mortgage Market Review: Q2 2024

SUBSCRIBE

Get the latest mortgage news and interest rates

Yes, I would like to receive email updates. You can unsubscribe at any time.

A coast-to-coast review of current housing trends

Mortgage Professionals Canada is pleased to provide a “Housing and Mortgage Market Review: Q2 2024”.

Download the full review here.

Mortgage Professionals Canada is delighted to announce our new collaboration with Oxford Economics in delivering our revamped Housing and Mortgage Market Review. This essential resource is designed to help you stay on top of the latest economic trends and forecasts, aiding you in strategic mortgage planning.

We invite you to dive into the first edition of this new quarterly report, where we share critical insights into the ongoing shifts in Canada’s housing and mortgage markets.

Highlights from this issue:

  • A moderate economic downturn: The economy is still expected to experience a modest downturn in 2024 as prior interest rate increases continue to impact highly indebted households.
  • Lower rates on the horizon: The Bank of Canada kept its policy interest rate at 5% in April, as expected. Current forecasts see the overnight rate gradually decreasing to 4.25% by the end of 2024.
  • Home prices to decline further before rebounding: The national average home price is expected to decline another 5% by late summer. Prices are forecast to reach their bottom by the fall of 2024 and will be followed by a period of modest increases.
  • Housing activity to pick in latter half of 2024: Government initiatives to encourage more housing supply should begin to yield results later this year.

Get the Latest Mortgage News

Subscribe and receive the latest mortgage news, updates and interest rates, straight to your inbox!

Yes, I would like to receive email updates. You can unsubscribe at any time.

WE VALUE YOUR PRIVACY

We use cookies to enhance your browsing experience, serve ads, content, analyze our traffic and perform necessary functions to ensure you get the best experience. By clicking "GOT IT", you consent to our use of cookies.

Learn more about M Factory’s Privacy Policy and Cookies.