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

August brought a slight pause in Canada’s housing market, with home resales dipping by 0.7%. As someone who’s spent over 20 years guiding families, first-time buyers, and investors in the Greater Toronto area, I know how important it is to see these changes in context. While some regions are seeing different patterns in prices and sales, the market overall remains balanced, and borrowing costs have held steady. If you’re thinking about renewing your mortgage, higher payments may feel daunting, but with inventory levels remaining stable, it’s clear this is more of a temporary detour than a true derailment. Staying informed—and working with a trusted advisor—can help you navigate these moments with confidence.