Canada’s housing market ‘finally’ moving toward recovery this year: RBC

RBC’s recent outlook signals a positive turn for Canada’s housing market: we’re seeing a steady recovery, with home resales on the rise, inventory stabilizing, and prices finding their footing. While resales are expected to dip 3.6% this year, projections show a 6.7% rebound next year, alongside modest price growth as interest rates hold steady and global uncertainties linger. In Greater Vancouver, these trends resonate on the ground. Whether you’re navigating your first home purchase or shaping a long-term investment plan, understanding these shifts is key. My own experience as an active investor and broker tells me the path ahead calls for both patience and strategic foresight—qualities I prioritize in every transaction.