Mortgage Rates and Housing Market 2024 in Canada

In this video, we're going to break down what's happening with the housing market and mortgage rates in Canada for 2024. We'll look at how interest rates are changing and what that means for everyone involved in the real estate market. If you're thinking about buying a house in 2024, this is a must-watch to get the latest housing market update.
We'll also explore some big questions: Is there a housing market crash or real estate crash on the horizon in 2024? How is the housing market doing in different parts of Canada, including Saskatchewan and Saskatoon? And what's going on with the Canada housing crisis?
We understand that life in Canada, including the cost of living, can be deeply affected by these changes. Whether you're already living here or considering a move to Canada, understanding the Canadian housing market and mortgage rates is key. We'll dive into what the Bank of Canada is doing and how it's impacting the housing crisis. So whether you're looking to buy, sell, or just stay informed, tune in for a clear, easy-to-understand breakdown of the Canadian real estate scene.
Remember, whether it's mortgage interest rates, the forecast for mortgage rates dropping, or just keeping up with the latest in the Canadian housing market, we've got you covered.
Stay informed about the real estate Canada is experiencing and be prepared for whatever comes next in the housing market 2024.
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[@Livinginsaskatoonguide]

What are your thoughts on the potential impact of changing mortgage rates on the overall Canadian housing market in 2024?
Comment down below!👇👇👇

[@perarabbm6623]

Superb

[@Livinginsaskatoonguide]

Thanks, what did you like best?

[@saskyelle]

Housing market has to crash because the interest rates won’t be coming down anytime soon. I’m predicting a $500k house will be $300k within 18 months. Across Canada.

[@Livinginsaskatoonguide]

Yah hard to say, considering we are one of the only markets that hasn’t seen significant spikes in pricing- even if there was a “crash” or a correction we’d feel it less considering for the most part our income support our prices as compared to other markets. That being said people and consumer spending is never ready for dramatic change so see how it plays out

[@saskyelle]

Saskatoon and area has had an significant spike. It happened in 2007 and has yet to be adjusted. Don’t forget it gets to -20 or colder for four-five months of the year. I would say the housing market in Saskatchewan is at least 20% over valued. The people who bought houses at $500k and who will have there interest rates renewed at 7% will find that out the hard way. But shit happens.

[@Livinginsaskatoonguide]

Yah all across canada saw significant jump at that time. And rest of canada sees temperatures minus 20. Matter of fact it gets much colder here than minus 20. Do you live in saskatchewan or do you own property here?

[@saskyelle]

Sure do. In Saskatoon. The markets going to crash. People will lose there shirts. It will be sad but it needs to happen

[@jeniecepenttila3484]

"Promosm"

[@Livinginsaskatoonguide]

What’s that mean let me check the dictionary