Where Ontario's housing market is headed in 2024

The pace of home sales in Ontario in 2023 dropped to lows not seen this century, and with little evidence that mortgage rates will drop significantly any time soon, forecasts are predicting the sluggishness to continue into early 2024.

Where Ontario's housing market is headed in 2024
A for sale sign outside a home in Toronto.

The pace of home sales in Ontario in 2023 dropped to lows not seen this century, and with little evidence that mortgage rates will drop significantly any time soon, forecasts are predicting the sluggishness to continue into early 2024.