‘Temporary detour, not a derailment’: RBC on latest market slowdown

August brought a modest 0.7% dip in home resales across Canada, according to RBC, but this is being described as a 'temporary detour, not a derailment.' From my experience guiding clients through over 450 transactions, I’ve seen how regional differences can shape the market—this month, price and sales trends are mixed across the country. Buyers navigating mortgage renewals are feeling the impact of higher payments, yet inventory remains balanced and borrowing costs are stable. In times like these, a steady approach and clear insights are key to moving forward with confidence.

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