Housing Market 2024 News Canada. The bank of canada's policy rate could act as a barometer for the housing market in 2024, with rate cuts potentially bringing home buyers and sellers off the sidelines. Housing starts data for august.

Federal actions in this plan, in budget 2024, and taken in fall 2023 will support at least 1.2 million new homes, and we call on all orders of government to build at least 800,000 more homes by 2031. Ontario’s housing market declined in august 2024, with an average home price of $817,915, a 2.4% decrease from the previous month and a 1.2% drop from the previous.