Overview

• Prices have risen 5% since January 2024, marking the end of a two-year market downturn.
• Only 55% of prospective buyers now rate homes in their region as affordable, down four percentage points from last year.
• More than two-thirds of Interhyp survey participants reported that prices increased over the past 12 months.
• Credit interest rates have eased slightly after steep hikes in 2022 and 2023, supporting renewed purchasing activity.
• Rising costs are deterring some prospective buyers, particularly those entering the market for the first time.