The RBC report on Canada’s housing market for 2024 suggests a year of two halves, with the first half seeing slow activity and softer prices due to high-interest rates. However, a pivot to rate cuts mid-year is expected to stimulate the market, particularly in the second half, despite affordability issues limiting a rapid recovery. The report projects a 9.2% increase in home resales, with significant regional variations across the country.

 For more detailed insights, visit the RBC Thought Leadership article. On the topic​: