Housing Market Predictions 2024 Ontario. Canada's second largest bank says average home prices could drop as much as 10 per cent by early 2024 thanks to a surge in housing supply in two provinces. Experts make housing market predictions for 2024 in canada, including whether it’s a good time to buy a home.

The national average home price is forecast to edge up 0.9% on an annual basis to $683,200 in 2024 and by 4.4% to $713,375 in 2025. The pace of home sales in ontario in 2023 dropped to lows not seen this century, and with little evidence that mortgage rates will drop significantly any time soon, forecasts are predicting.