Hot fall market could drive home prices higher in most cities

Calgary remains a sellers' market, says Zoocasa fall forecast.

Prices for resale homes are forecast to climb higher in what could be one of the strongest fall markets in recent years, a new report predicts.

National realty firm Zoocasa recently published its fall forecast, pointing to declining interest rates spurring strong demand this fall in most Canadian cities with some notable exceptions.

Greater Vancouver and Greater Toronto are expected to see average price declines, breaking a trend whereby even amid rising interest rates, average prices continued to rise in those cities year over year between 2020 and 2023 in the fall.