As sales inch higher, is the national housing market recovering?<\/p>\n
The national market received a quiet boost this week with the news that home sales increased for the fourth month in a row, a trend that Royal Bank<\/a> of Canada (RBC) says could signal something of a turning point for the housing outlook even if the recovery still has some way to run<\/a>.<\/p>\n Glowinsky also sees the news as a sign that the national market is well poised for a gradual turnaround. \u201cFrom a housing standpoint seeing prices stabilize, in some cases increase, and seeing some more purchase activity, I think is overall positive news,\u201d she said.<\/p>\n \u201cAnd for those who\u2019ve been sitting on the sidelines, now there\u2019s maybe perhaps a greater willingness to enter [the market] \u2013 if you\u2019re a first-time buyer with great credit, the relief on HST for a period of time may be spurring some incremental activity. There are some positive incentives that are helping.\u201d<\/p>\n The prospect of a less turbulent trade relationship ahead between the US and Canada, meanwhile, is further good news for Glowinsky.<\/p>\n \u201cOverall, if the trade noise turns out to be less noisy and the water\u2019s calm, I think that will continue to spur more activity in the housing market,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"As sales inch higher, is the national housing market recovering? The national market received a quiet boost this…\n","protected":false},"author":2,"featured_media":174449,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[17,55543,1827,2056],"class_list":["post-174448","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-canada","tag-canadian-borrowers","tag-home-sales","tag-inflation"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/174448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=174448"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/174448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/174449"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=174448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=174448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=174448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}