Canadian house prices could rise by up to 6% in steady fall market
Interest rate cuts should spark buying activity says RE/MAX Canada
By Steve Randall, Sep 03, 2024
There could be a boost for owners of residential real estate assets in the months ahead as lower interest rates adds fuel to the Canadian housing market.
RE/MAX Canada’s 2024 Fall Housing Market Outlook is out today (September 3) and calls for average house prices to rise between one and six percent across 76% of its broker regions surveyed, as rate cuts lead to a steady market.
However, there are some notable areas where prices are expected to be flat or even decline, such as Toronto, Hamilton, Burlington, Kitchener-Waterloo, Charlottetown, North Bay and London.