Housing Market 2024 Interest Rates Canada. The bank of canada's policy rate could act as a barometer for the housing market in 2024, with rate cuts potentially bringing home buyers and sellers off the sidelines. Interest rates continue to play a significant role in the ontario housing market.

National home sales are forecast climb a further 6.2% to 501,902 units in 2025 as interest rates continue to decline and. The bank of canada had maintained a steady policy interest rate between mid.