For many newcomers, buying a home in Canada is a dream that can help set roots and build equity. Following the housing market will help you research Canada home prices and discover affordable cities and regions. Researching the housing market is vital when considering what city to settle in, where, and when to buy a home.
For immigrants eager to buy a home, the Canadian housing market remains in a “wait and see” mode. As the Bank of Canada continues to lower interest rates, the Canadian Real Estate Association (CREA) reveals that potential buyers are waiting for more mortgage rate cuts. Discover what’s in store based on the most recent September 2024 housing market statistics.
CREA senior economist Shaun Cathcart explained the current housing market “holding pattern” trend this way:
“With the pace of (interest) rate cuts now expected to be much faster than previously thought, it’s possible some buyers …