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Our latest Housing Market Outlook is available now. Housing affordability will continue to be a challenge in 2024. New construction will drop and many Canadians who can’t afford to buy a home will continue renting. But hope for a recovery is on the horizon from late 2024 to 2026. As inflation goes down, so will mortgage rates. However, lower rates with population, income, and job growth will create more demand for housing. This means home prices will get more expensive. Whether you’re looking to
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