The Canadian housing market is projected to reach US$8.19 trillion in 2024, with residential properties making up US$6.25 trillion. While growth is expected to slow over the next five years due to rising interest rates and government policies, strong economic fundamentals may keep the market resilient. Key trends include a desire for homeownership, shifting preferences towards sustainability, rising property prices, and the popularity of condominiums. Regional variations and macroeconomic factors like interest rates and population growth will also influence future market dynamics.
Continue to full article
Leave a Reply