Is Canada's housing market regaining its footing?
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Is Canada's housing market regaining its footing?
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Canada's housing market is showing early signs of recovery after months of trade war anxiety kept homebuyers on the sidelines.
But even with three consecutive months of increasing home resales, activity remains below levels at the beginning of the year, with significant regional differences across the country.
In this episode of the 10-Minute Take, RBC Economics' Carrie Freestone and Claire Fan discuss:
-How housing affordability has improved to its best level in three years, even though it’s still far from pre-pandemic levels.
-The significant variations in market conditions between regions and housing segments (i.e. condos vs. detached homes).
-How trade uncertainty, Bank of Canada interest rate decisions and labour market trends are influencing the housing recovery.