July 2024 Housing Market News. The current housing market trends are being driven by several factors, including an increase in inventory due to more sellers entering the market, fluctuating mortgage rates that have recently dipped, and changing buyer preferences. After surges in housing starts in 2021 and 2022, followed by a sharp decline in 2023, in 2024 the direction of housing starts will depend on the sector.
A 0.25% rate cut by the bank of canada in both june and. Learn what factors will affect affordability, supply and demand in the 2024 housing market.
