Canada’s fall housing market is off to ‘low-key’ start, RBC report shows

Canada’s fall housing sales saw an “uneven and fragile” market in September, a new report from the Royal Bank of Canada shows.

September data from local real estate boards showed a “low-key start to the fall for Canada’s housing market,” the report said.

While some major markets — Winnipeg, Regina, and Toronto — saw home resales go up from August to September, most markets remained tepid.

Vancouver, Calgary, Edmonton, Saskatoon, Hamilton, Ottawa, Montreal and Halifax saw slight declines, “suggesting the recovery is still uneven and fragile,” RBC economist Robert Hogue said in the report.

Buyers felt little urgency to purchase homes in September, handing them more power in negotiations.

“In Ontario, British Columbia, and parts of Alberta, expanded inventory levels are providing bu