Canada's real estate market is expected to slowly rebound in the second half of 2024, with increased sales and tightening market conditions. The Bank of Canada's rate cut in June led to a slight improvement in housing numbers. Home sales rose by 3.7% from May to June 2024 but were down by 9.4% compared to June 2023. The home price index increased by 0.1% month over month, while the national average sale price dropped by 1.6% from June 2023. About 180,000 homes were listed for sale in Canada by the end of June 2024, a 26% increase from June 2023.
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