{"id":77916,"date":"2026-09-02T12:00:24","date_gmt":"2026-09-02T12:00:24","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/09\/02\/posthaste-are-we-on-the-verge-of-a-home-buying-tidal-wave\/"},"modified":"2026-09-02T12:00:24","modified_gmt":"2026-09-02T12:00:24","slug":"posthaste-are-we-on-the-verge-of-a-home-buying-tidal-wave","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/09\/02\/posthaste-are-we-on-the-verge-of-a-home-buying-tidal-wave\/","title":{"rendered":"Posthaste: Are we on the verge of a home-buying tidal wave?"},"content":{"rendered":"<p> \n<br \/><iframe loading=\"lazy\" title=\"As home prices fall, is it better to buy or rent?\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/DyUgMZpUdeY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><img decoding=\"async\" alt=\"\" data-has-syndication-rights=\"1\" data-license-id=\"\" data-portal-copyright=\"\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg\" title=\"\" \/><\/p>\n<p> Thousands of Canadians may soon enter the housing market as the country\u2019s real estate looks to be on the verge of getting out of correction territory, according to the Royal Bank of Canada. <\/p>\n<p> RBC Economics estimates more than 400,000 potential households have been suppressed since 2019, many of whom have been renting for longer than they\u2019d have hoped and so they may finally be ready to make the plunge. <\/p>\n<p> \u201cTiming shouldn\u2019t be underestimated because many would-be buyers have been working hard toward making a purchase with savings near a 25-year-high rate, and 25- to 34-year-olds employed at an above-average historical rate,\u201d the report said. <\/p>\n<p> \u201cWe see this influx of financially ready house hunters easily outweighing the lull in homebuyer demand from newcomers to Canada.\u201d <\/p>\n<p> Despite the escalating trade war, prospective homebuyers are increasingly optimistic about the economy and thus more likely to come off the sidelines in the near future, RBC said. <\/p>\n<p> The labour market is expected to have a worker shortage next year as well, which will help job prospects. <\/p>\n<p> This positive mindset comes as Canada\u2019s real estate market appears to be stabilizing. The non-seasonally adjusted national average home price was $674,819 in July, up 0.2 per cent from a year ago, according to the Canadian Real Estate Association . <\/p>\n<p> Total sales climbed 0.6 per cent in the month to 205,388, which is 1.5 per cent more sales than the long-term average for July. <\/p>\n<p> \u201cNo matter where you are in Canada, more moderate housing market conditions can be expected to continue to bring buyers off the sidelines going forward,\u201d CREA chair Garry Bhaura said in a statement last month. <\/p>\n<p> RBC expects sales to keep picking up across the country in 2027, with Ontario and British Columbia \u2014 Canada\u2019s most slumping markets \u2014 to be particular bright spots. <\/p>\n<p> The bank predicts transactions will climb by 8.2 per cent in Ontario and 7.8 per cent in B.C. <\/p>\n<p> \u201cIt will take longer for the condo market segment to turn around, however,\u201d the report said. \u201cAbundant inventory in the Toronto and Vancouver areas and investor apathy are bound to keep condo prices downward possibly into 2027.\u201d <\/p>\n<p> Overall, RBC expects the average home price to climb by 0.8 per cent next year. <\/p>\n<p> But the bank also said it won\u2019t all be smooth sailing when it comes to the housing market\u2019s recovery because Canada\u2019s trade war with the U.S., immigration cuts and affordability issues are still presenting headwinds for buyers. <\/p>\n<hr \/>\n<p> <em><strong>Sign up here to get Posthaste delivered straight to your inbox.<\/strong><\/em> <\/p>\n<hr \/>\n<p> <strong><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"aligncenter size-full wp-image-1758646\" height=\"114\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2019\/02\/subhead_leading.png\" width=\"838\" \/><\/strong> <\/p>\n<p><img decoding=\"async\" alt=\"\" data-has-syndication-rights=\"1\" data-license-id=\"\" data-portal-copyright=\"\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/09\/apple-outperforms-under-cook.jpg\" title=\"\" \/><\/p>\n<p> With Tim Cook stepping down as Apple Inc.\u2019s chief executive, incoming CEO John Ternus has big shoes to fill. <\/p>\n<p> Since taking over as chief executive in 2011, Cook has brought Apple from a market capitalization of less than US$350 billion to US$4.6 trillion. <\/p>\n<p> During his time as CEO, Cook has watched Apple shares climb more than 2,700 per cent, while the S&amp;P 500 Index has climbed 757 per cent over the same time. <\/p>\n<p> Ternus faces an early test next week at a company event, where it\u2019s believed the tech giant will unveil its first foldable phone. <\/p>\n<p> Read more here. <\/p>\n<p><img decoding=\"async\" alt=\"\" data-has-syndication-rights=\"1\" data-license-id=\"\" data-portal-copyright=\"\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/07\/subhead-1.jpg\" title=\"\"><\/p>\n<ul>\n<li><strong>9:45 a.m.:<\/strong> Bank of Canada interest rate announcement<\/li>\n<li><strong>Today\u2019s Data: <\/strong>Monthly average retail prices for selected products<\/li>\n<li><strong>Earnings: <\/strong>NorthStar Gaming Holdings Inc., Hewlett Packard Enterprise Co., Snowflake Inc.<\/li>\n<\/ul>\n<hr \/>\n<p><img decoding=\"async\" alt=\"\" data-has-syndication-rights=\"1\" data-license-id=\"\" data-portal-copyright=\"\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/02\/banner.jpg\" title=\"\" \/><img decoding=\"async\" alt=\"\" data-has-syndication-rights=\"1\" data-license-id=\"\" data-portal-copyright=\"\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/09\/chart-0902.jpg\" title=\"\" \/><\/p>\n<figure class=\"embedded-image\"><\/figure>\n<hr \/>\n<p> <strong><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"aligncenter size-full wp-image-3080181\" height=\"114\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/subhead_reads.jpeg\" width=\"838\" \/><\/strong> <\/p>\n<ul>\n<li>Bank of Canada expected to hold interest rates steady, but renewed trade war muddies economic outlook<\/li>\n<li>It\u2019s time for Canadian income tax rates to match those of the U.S. <\/li>\n<li>Linda Hasenfratz: Keep calm and trade on<\/li>\n<li>Dominic Barton named chair of Invest in Canada after CEO resigns<\/li>\n<\/ul>\n<hr \/>\n<p> <img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"aligncenter size-full wp-image-2059284\" height=\"114\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2020\/04\/subhead_personal_finance_2.png\" width=\"838\" \/> <\/p>\n<p> With housing prices making homeownership a stretch for many, Canadians, especially millennials, are finding ways to offset the cost. Find out how a growing pool of Canadians are paying off their mortgages. <\/p>\n<p> Read more here. <\/p>\n<hr \/>\n<p> <span><\/span><img decoding=\"async\" alt=\"\" data-has-syndication-rights=\"1\" data-license-id=\"\" data-portal-copyright=\"\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/11\/FP-West-Energy-Insider-Logo.png\" title=\"\" \/> Interested in energy? The subscriber-only FP West: Energy Insider newsletter brings you exclusive reporting and in-depth analysis on one of the country\u2019s most important sectors. Sign up here. <\/p>\n<hr \/>\n<div class=\"x_elementToProof\"><span>Are you worried about having enough for retirement? Do you need to adjust your portfolio? Are you starting out or making a change and wondering how to build wealth? Are you trying to make ends meet? Drop us a line at <\/span>wealth@postmedia.com<span><\/span><span> with your contact info and the gist of your problem and we\u2019ll find some experts to help you out while writing a Family Finance story about it (we\u2019ll keep your name out of it, of course).<\/span><\/div>\n<hr \/>\n<h2>McLister on mortgages<\/h2>\n<p> Want to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column  can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily. <\/p>\n<hr \/>\n<h2>Financial Post on YouTube<\/h2>\n<p> Visit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more. <\/p>\n<hr \/>\n<p> <em>Today\u2019s Posthaste was written by Ben Cousins with additional reporting from Financial Post staff and Bloomberg.<\/em> <\/p>\n<p> Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@postmedia.com . <\/p>\n<hr \/>\n<ul class=\"related_links\">\n<li>How Canada could trigger the biggest investment \u2018supercycle\u2019 in decades<\/li>\n<li>Why Trump&#8217;s tariff pressure isn&#8217;t crushing the Canadian dollar<\/li>\n<\/ul>\n<p> <em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here<\/em> <\/p>\n<p><\/img><br \/>\n<br \/>\n<br \/>Posthaste: Are we on the verge of a home-buying tidal wave?<\/a><br \/>\n<br \/>2026-09-02 12:00:24<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thousands of Canadians may soon enter the housing market as the country\u2019s real estate looks to be on the verge of getting out of correction territory, according to the Royal&#8230;<\/p>\n","protected":false},"author":2,"featured_media":77917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-77916","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/77916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=77916"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/77916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/77917"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=77916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=77916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=77916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}