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

Canada's housing market showed a slight slowdown in August with home resales down 0.7% month-over-month, seen as a pause rather than a downturn. Trade tensions and economic uncertainty affected buyer confidence. Regional differences persist, with some cities like Vancouver and Ottawa showing mixed trends in prices and sales. Forecasts for 2026 vary, with some expecting modest price gains and others predicting declines. Mortgage renewals with higher payments pose challenges, especially in softer markets. Inventory remains balanced amid stable borrowing costs.