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

Drawing on over two decades in consulting and a master's in business, I find it encouraging to see indicators of recovery in Canada's housing market this year. Recent RBC insights point to rising home resales, inventory stabilization, and more balanced prices. While resales are expected to dip by 3.6% this year, projections suggest a 6.7% increase next year, alongside modest price gains—assuming interest rates remain steady and external risks are managed. This evolving landscape underscores the importance of careful market analysis, especially here in Greater Vancouver, where shifts like these often require a nuanced approach.