Canada\u2019s housing market retreated in September, snapping a four-month run of tentative improvement as escalating Canada-US trade tensions and rising Bank of Canada (BoC) rate expectations converged.<\/p>\n
National resales fell 2.3% month-over-month on a seasonally adjusted basis. The MLS Home Price Index declined 0.4% from August,\u00a0sitting 3.5% below year-ago levels,\u00a0and new listings contracted 1.8%, according to an RBC Economics report by Rachel Battaglia, economist at Royal Bank<\/a> of Canada (RBC) in Toronto.<\/p>\n \u201cAfter a four-month run of modestly positive progress on demand, supply, and prices, many of Canada\u2019s housing markets took a step back in September,\u201d said Shaun Cathcart, senior economist at the Canadian Real Estate Association (CREA) in Ottawa.<\/p>\n","protected":false},"excerpt":{"rendered":"Canada\u2019s housing market retreated in September, snapping a four-month run of tentative improvement as escalating Canada-US trade tensions…\n","protected":false},"author":2,"featured_media":887989,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,372410,112,70752,63105],"class_list":["post-887988","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-canada-housing-market","tag-markets","tag-rate-hike","tag-rbc-economics"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/887988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=887988"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/887988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/887989"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=887988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=887988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=887988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}