CREA lowers housing market forecast for 2024 amid 'holding pattern' for home sales

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CREA News

Bank Of Canada,Canadian Real Estate Association,Housing Market Forecast

OTTAWA — The Canadian Real Estate Association is downgrading its housing market forecast for the remainder of the year again, saying the Bank of Canada's...

OTTAWA — The Canadian Real Estate Association is downgrading its housing market forecast for the remainder of the year again, saying the Bank of Canada's interest rate cuts haven't spurred the gradual improvement it previously anticipated.

CREA senior economist Shaun Cathcart says that with the pace of rate cuts expected to be much faster than previously thought, some potential buyers may choose to hold off on a purchase for now, which could further boost the rebound that is expected in 2025. Business Finland and Cyient, a global Intelligent Engineering company delivering solutions for a digital, autonomous and sustainable future, have entered into a memorandum of understanding to collaborate in advancing technology innovation. This strategic partnership aims to foster joint initiatives focused on cutting-edge technologies, including 5G, AI, sustainability solutions, space technology, and robotics.

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CREA lowers housing market forecast for 2024 amid 'holding pattern' for home salesThe Canadian Real Estate Association is downgrading its housing market forecast for the remainder of the year again, saying the Bank of Canada's interest rate cuts haven't spurred the gradual improvement it previously anticipated.
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