RBC economist says correction in Canada’s housing market is over

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July marked the fifth consecutive month of rising sales

Story continues below advertisementThe benchmark MLS Home Price Index price eked out a 0.2-per-cent increase in July from the same month last year to mark the first rise in six months.

The slumping markets of Vancouver, Calgary and Edmonton are now in the early stages of a turnaround, he says, while things are back on track in Toronto. Markets in Quebec and Atlantic Canada did not suffer as much as cities to the west, so gains they recorded in July are a continuation of a long-standing trend, he says.Mr.

Marc Desormeaux, provincial economist at Bank of Nova Scotia, calls the seasonally adjusted 3.5-per-cent increase in national sales from June’s level “healthy.” The economist points out the slowdown brought about by various government and regulatory policies seems to be giving way to an upswing across regional markets.

At Capital Economics, senior Canada economist Stephen Brown believes the Bank of Canada will reduce its key interest rate twice before the end of 2019.

 

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Wait till the Economy takes a small turn good luck with all the super huge debt. Sad story

GrantMBeasley When did it started? Lol

Riiiiighhhhtt. And that's why every day I get email alerts showing price listing decreases on houses that have been for sale since spring...uh huh.

I'm sure buyers are leaping at the chance to take advantage of the depressed prices... ... oh wait. I want whatever drugs RBC economists are taking. 🤡👟

Hahahahah, just getting started you mean 🐻

Lol ok

It never went down bozo

What correction...

They’re selling condos for $300,000 out in the sticks but sure, seems totally sustainable.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 5. in TH

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