{"id":4056,"date":"2018-04-06T10:31:31","date_gmt":"2018-04-06T14:31:31","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=c41df4ee82ac511e60e0b2ef6b0f720a"},"modified":"2018-04-06T10:31:31","modified_gmt":"2018-04-06T14:31:31","slug":"rbc-ceo-says-housing-market-slowdown-a-welcome-shift-in-consumer-psychology","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/06\/rbc-ceo-says-housing-market-slowdown-a-welcome-shift-in-consumer-psychology\/","title":{"rendered":"RBC CEO says housing market slowdown a welcome shift in consumer psychology"},"content":{"rendered":"<p>TORONTO &#8212; The chief executive of Royal Bank says the housing market slowdown is a welcome shift in consumer psychology toward more caution.<\/p>\n<p>David McKay told shareholders at the company&#8217;s annual meeting Friday that the bank is seeing a more balanced pricing trend after tighter conditions last year.<\/p>\n<p>The Vancouver and Toronto region real estate boards, representing the country&#8217;s hottest markets, reported double-digit annual sales declines in March earlier this week.<\/p>\n<p>B.C. and Ontario have introduced a series of measures to cool the housing market, including taxes on non-residents.<\/p>\n<p>Further cooling pressure came from the federal level, including a financial stress test for buyers implemented Jan. 1 for federally-regulated lenders.<\/p>\n<p>Both variable and fixed-rate mortgage rates have also risen as a result of moves by the Bank of Canada and fluctuations in the bond markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO &mdash; The chief executive of Royal Bank says the housing market slowdown is a welcome shift in consumer psychology toward more caution. David McKay told shareholders at the company&rsquo;s annual meeting Friday that the bank is seeing a more balanced pricing trend after tighter conditions last year. The Vancouver and Toronto region real estate [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/4056"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=4056"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/4056\/revisions"}],"predecessor-version":[{"id":4057,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/4056\/revisions\/4057"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=4056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=4056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=4056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}