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RBC Sees Housing Slowdown as Pause, Not Turning Point

Guavy AI Editorial Team
Instruments
CAD
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Royal Bank of Canada (RBC) Economics views August's housing slowdown as a pause rather than a turning point, despite home resales falling 0.7% month-over-month and trade tensions affecting buyer confidence.

According to Rachel Battaglia, an economist at RBC, the escalation in trade tensions made economic uncertainty tangible again after several months of adjustment.

RBC expects stabilization to take hold over the second half of 2026 and into 2027, with the recovery varying by region.

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