Housing market to slow in 2016, but only modestly

Housing market to slow in 2016, but only modestly

Housing market to slow in 2016, but only modestly Royal Bank of Canada says that the housing market will slow in 2016 but only modestly. It forecasts that rising interest rates will see real estate sales drop by 10 per cent over several years and values drop by 3.4 per cent in 2016. However it warns that if interest rates rise, as it expects in the first half of next year, but more sharply and unemployment also grows then there could be a severe downturn for the housing market.