{"id":85011,"date":"2025-10-17T20:32:06","date_gmt":"2025-10-17T20:32:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/85011\/"},"modified":"2025-10-17T20:32:06","modified_gmt":"2025-10-17T20:32:06","slug":"dont-expect-a-housing-boom-anytime-soon-says-rbc","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/85011\/","title":{"rendered":"Don&#8217;t expect a housing boom anytime soon, says RBC"},"content":{"rendered":"<p>\u201cHowever, the process is unlikely to be smooth with persisting economic uncertainty, labour market softness and affordability issues poised to create waves. September\u2019s setback serves as a reminder that the housing market recovery remains vulnerable to external shocks and shifts in sentiment.\u201d<\/p>\n<p><a href=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/market-updates\/national-home-sales-fall-breaking-five-month-streak\/553268\" rel=\"nofollow noopener\" target=\"_blank\">Home sales fell 1.7% in September<\/a> compared to August, marking the first monthly decline since April.<\/p>\n<p>While some regions such as Victoria, Regina, Saskatoon, Winnipeg, Toronto, Quebec City, and Sherbrooke saw increased activity, major centres including Vancouver, Calgary, Edmonton, Kitchener-Waterloo, London, Ottawa, Gatineau, Montreal, St. John, and Halifax posted declines.<\/p>\n<p>Hogue noted that \u201cmixed regional results highlight the fragile and uneven nature of the recovery underway.\u201d<\/p>\n<p>Gradual improvement but no surge in sight<\/p>\n<p>The Bank of Canada\u2019s anticipated policy easing cycle may offer some relief to affordability-constrained buyers, particularly first-time purchasers who have been sidelined by high borrowing costs.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cHowever, the process is unlikely to be smooth with persisting economic uncertainty, labour market softness and affordability issues&hellip;\n","protected":false},"author":2,"featured_media":85012,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[138,64782,6338,220,111,139,69,47238],"class_list":{"0":"post-85011","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-housing-boom","10":"tag-housing-market","11":"tag-markets","12":"tag-new-zealand","13":"tag-newzealand","14":"tag-nz","15":"tag-rbc"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/85011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=85011"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/85011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/85012"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=85011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=85011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=85011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}