Andrew Brown, RBC Mortgage Specialist

Andrew Brown, RBC Mortgage Specialist Let’s make happen. Let’s start right now. Today. RBC Royal Bank of Canada

RBC HOUSING MARKET UPDATE:• RBC’s national housing affordability measure is at a four-year best, falling 1.4 percentage-...
06/30/2026

RBC HOUSING MARKET UPDATE:
• RBC’s national housing affordability measure is at a four-year best, falling 1.4 percentage-points to 53% in Q1 2026. A decline in the measure means improving affordability.
• Most regions saw gains, led by Vancouver and Toronto—though both are still Canada’s least affordable markets. Montreal, Quebec City, and St. John’s buck the trend with rising homeownership costs.
• Condos have experienced the most progress. The national condo affordability measure is now 35.2%—within a ppt of its pre-pandemic level—and some markets are even below Q4 2019.
• Further easing in affordability could get slimmer as price declines taper off, and interest rates have likely passed cyclical lows, limiting reductions in mortgage costs.

RBC’s national housing affordability measure is at a four-year best, falling 1.4 percentage-points to 53% in Q1 2026. A decline in the measure means improving affordability.

RBC HOUSING MARKET UPDATE:• Spring activity finally picks up. Resales jumped 5.5% in May from April, the largest monthly...
06/17/2026

RBC HOUSING MARKET UPDATE:
• Spring activity finally picks up. Resales jumped 5.5% in May from April, the largest monthly gain in 19 months, bringing resales roughly in line with a year ago.
• Regional divergence persists. Most Ontario, B.C., and Atlantic markets posted resale gains, while the Prairies and Quebec presented a more mixed picture.
• Inventory abundance keeps prices flat despite activity gains. Prices were essentially unchanged from April and remained 4.1% below a year ago as abundant inventory kept pressure on prices.
• Improving labour markets and affordability should support a market recovery—but geopolitical and tariff policy headwinds remain key risks that could quickly reverse the spring gains, prolonging the slowdown.

Home resales finally posted meaningful gains, rising 5.5% month-over-month seasonally adjusted, marking the second consecutive monthly uptick and largest jump in a year and a half.

Canada's housing market is offering real opportunities for prepared buyers in 2026 Depending on where you live, now coul...
06/05/2026

Canada's housing market is offering real opportunities for prepared buyers in 2026 Depending on where you live, now could be your moment. Reach out if you want to look at your numbers together.

Whether you’re applying for your first mortgage or renewing one, the right guidance makes a real difference. We spoke to an RBC Mortgage Advisor to learn more.

RBC HOUSING MARKET UPDATE:• Local real estate boards reported busier activity in May compared to April led by Winnipeg, ...
06/04/2026

RBC HOUSING MARKET UPDATE:
• Local real estate boards reported busier activity in May compared to April led by Winnipeg, Regina, Ottawa, Toronto, Hamilton, and Saskatoon.
• Still, the general vibe is one of restraint with home resales remaining soft for the most part.
• Ongoing price corrections in Ontario and British Columbia are opening the door to prospective homebuyers on the sidelines.
• Buyers entering the fray often get ample options to choose from in those regions, driving down home values.
• Balanced supply and demand support home value appreciation in parts of the Prairies, Quebec, and Atlantic Canada.
• Confidence must rebuild to nurture a sustained market recovery.

Warmer spring weather is finally thawing housing markets across the country.  Most real estate boards reported busier activity in May compared to April led by Winnipeg, Regina, Ottawa, Toronto, Hamilton and Saskatoon.

Limited-Time Offer. Switch your mortgage to RBC and get up to $5,900 in value. Switching your mortgage to RBC may be you...
06/04/2026

Limited-Time Offer. Switch your mortgage to RBC and get up to $5,900 in value. Switching your mortgage to RBC may be your best move yet! Contact me for more information on this great offer.

Switching your mortgage to RBC Royal Bank? Explore the benefits and see how we take care of the details for you.

RBC HOUSING MARKET UPDATE:• Slumping markets like Toronto and Hamilton could be finally turning a corner while previousl...
05/15/2026

RBC HOUSING MARKET UPDATE:
• Slumping markets like Toronto and Hamilton could be finally turning a corner while previously robust Saskatchewan, Manitoba, parts of Quebec and Atlantic Canada appear to be topping out.
• April saw a notable influx of sellers: New listings rose in two-thirds of urban markets and 4.1% nationwide from March.
• Home values continue to generally depreciate in British Columbia and Ontario, and appreciate in the rest of the country.
• We expect these diverging trends to persist near term

There’s a little bit of everything happening in Canada’s housing market as the busiest house hunting season kicks into high gear.

RBC HOUSING MARKET UPDATE:- Local real estate boards’ early results for April continue to show to mixed picture across C...
05/08/2026

RBC HOUSING MARKET UPDATE:
- Local real estate boards’ early results for April continue to show to mixed picture across Canada’s housing markets, but it’s clear more sellers are entering the market.
- Several markets saw home resales increase from March (Toronto, Ottawa, Calgary, Edmonton and the Fraser Valley for example), but activity was still weaker than a year ago for the most part.
- Meanwhile, new listings increased in April from March in most areas that have reported to date. This has led to record levels in some cases, for example in Montreal and Ottawa, which is reshaping supply and demand conditions.
- Buyers still hold stronger negotiating power in Vancouver and Toronto with ample inventory, sustaining ongoing price corrections in Canada’s least affordable areas. That power is shared more evenly with sellers in most other markets, resulting in steadily appreciating home values in parts of the Prairies, Quebec and Atlantic Canada.
- The all-important spring season has yet to deliver a clear boost to housing demand across the country.
- Confidence is still lacking with buyers worrying about many things from the trade war to major geopolitical conflict, a tough job market and strained affordability in parts of the country.
- Odds are the picture will stay mixed until much of the economic uncertainty lifts.

Local real estate boards’ early results for April continue to show to mixed picture across Canada’s housing markets, but it’s clear more sellers are entering the market.

RBC HOUSING MARKET UPDATE:• It’s been a soft start to the busiest house hunting season, as buyers feel little urgency to...
04/17/2026

RBC HOUSING MARKET UPDATE:
• It’s been a soft start to the busiest house hunting season, as buyers feel little urgency to make purchasing decisions.
• The 38,700 resale transactions recorded nationwide in March (unadjusted for seasonality) were the weakest in 17 years for this period.
• The national composite MLS Home Price Index firmly remains on a years-long declining trend, now down 4.7% from a year ago and 20% from the cyclical peak in early-2022.
• Ontario and British Columbia are seeing the more intense competition between sellers and deeper price declines.
• Appreciating price trends are generally holding up in the rest of the country.
• We see market trends continuing to diverge across the country.

It’s been an especially soft start to the busiest house hunting season across most of Canada with 38,700 resales in March (unadjusted for seasonality) the weakest in 17 years for this period.

Affordability gains become weaker and sparser in Canada.
04/08/2026

Affordability gains become weaker and sparser in Canada.

Housing affordability continues to improve in Canada. RBC’s national aggregate affordability measure eased for an eighth consecutive quarter to 52.4% in Q4 2025 from an all-time high of 63% at the end of 2023. A fall in the measure represents an increase in affordability.

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