Canada’s housing market finds itself, as of June, poised for a comeback after a challenging year. The trigger? A strategic interest rate cut by the Bank of Canada, leading to a 3.7 per cent rise in national home sales compared to May. After months of declining activity, the market is showing signs of life, but the road ahead is filled with uncertainties and hardship for both industry professionals and buyers and sellers alike.

But will this interest rate cut be enough? Is it the start of a cutting cycle? Will it get worse before...