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Report: Canada's Housing Market Won't Rebound Until 2024

Sales slump to continue as prices, which exceed 60% of monthly incomes, keep falling.

TD Economics has revised its forecast for Canada’s housing market to account for steeper sales and price declines in 2023, followed by a rebound in 2024.

Home prices in Canada, which have dropped 22% since record highs in February, will drop by another 11% in 2023 while sales will decline by 16% next year, the bank forecasts.

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Jack Rogers

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