Monthly Housing Market Update

RBC Economics finds that home resale activity continued to rebound impressively in June and all major markets posted double-digit increases.

The gradual reopening of the economy across Canada set the stage for housing market activity to rise 57% from a generational low in April.

Home resales tumbled to a generational low, says RBC Economics; however, the housing market is entering the recovery phase.

Home resales plummeted in March and larger declines are expected in April, says RBC Economics; however, the shock will be temporary.