Home Prices Forecast 2024 Canada. Is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026. The actual (not seasonally adjusted) national average home price was $649,100 in august 2024, almost unchanged (+0.1%) from august 2023.

According to the canadian real estate association (crea), the national, not seasonally adjusted average home price in october 2023 was $656,625, up 1.8% from the previous year. Canada’s housing market experienced slight gains in home sales during the month of august 2024 on both a monthly and annual basis, on the heels of bank of canada rate.