Toronto’s House Prices Will Continue to Fall, but Not at the Speed Seen This Spring: RBC Report

A person walks by a row of houses in Toronto on July 12, 2022. Cole Burston/The Canadian Press

Despite soaring interest rates that have dampened Toronto’s housing market in recent months, a new RBC report says the slide in activity “seems to be stabilizing.”

“The last four months have been very quiet but the sharp declining trend seems to be stabilizing,” said Robert Hogue, assistant chief economist at RBC, in the Nov. 7 report.