{"id":1011,"date":"2016-02-22T08:45:53","date_gmt":"2016-02-22T16:45:53","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=1011"},"modified":"2016-02-22T08:55:12","modified_gmt":"2016-02-22T16:55:12","slug":"white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/","title":{"rendered":"&#8220;White-Hot&#8221; Vancouver, Toronto Housing Markets Could be Dragged Down by Rest of Canada"},"content":{"rendered":"<p style=\"text-align: justify;\">A new report from Moody\u2019s Analytics says Canada\u2019s two priciest markets could eventually be dragged down by housing results in the rest of the country.<\/p>\n<p style=\"text-align: justify;\">The report released Friday notes Toronto house prices are up 10.3% from a year ago while Vancouver prices are up 16.3% in the same period. Meanwhile the Brookfield House Price index for the entire country is up just under 5% while Statistics Canada\u2019s New House Price Index is growing at just under 2%.<\/p>\n<p style=\"text-align: justify;\">\u201cHousing gains have been markedly slower in the other Canadian metro areas, particularly in the Prairie provinces, and growth has moderated further in recent months,\u201d writes Alexander Lowy, an associate economist at Moody\u2019s Analytics which is a division of Moody\u2019s Corp.<\/p>\n<p style=\"text-align: justify;\">The economist says two factors may bring the housing market\u2019s \u201cwhite-hot streak to a screeching halt\u201d and predicts a softening of household demand over the coming years.<\/p>\n<p style=\"text-align: justify;\">Moody\u2019s Analytics says the bifurcation in the market could work against the overall Canadian housing market at some point.<\/p>\n<p style=\"text-align: justify;\">\u201cThis split will make it difficult to manage the market in the event of adverse shocks, and a continued slowdown in smaller metro areas could eventually drag down the overall market,\u201d says the report.<\/p>\n<p style=\"text-align: justify;\">Lowy also predicts rising interest rates will take a bite out of the Canadian housing market. \u201cMortgage rates will almost certainly rise by the end of the year as the U.S. Federal Reserve continues its rate hikes, driving up longer-term government bond yields in the US and Canada through 2016,\u201d he writes, adding the expectations of higher rates may giving the market \u201cartificial strength\u201d as buyers and sellers rush to secure deals with attractive financing.<\/p>\n<p style=\"text-align: justify;\">Eventually, all the activity that has been pushed forward could result in a quicker drop in demand than anticipated, if rates begin to climb in a dramatic way.<\/p>\n<p style=\"text-align: justify;\">The economist thinks Canada\u2019s central bank is eventually going to have no way to go but up, when it comes to its key overnight lending rate.<\/p>\n<p style=\"text-align: justify;\">\u201cThe Bank of Canada\u2019s low interest rate policies may help prop up house prices this year, but even Canadian policy rate tightening is inevitable. This could price many new borrowers out of the market and increase the risks for those faced with rolling over existing mortgage debt or attempting to draw equity out of their homes. The result will likely be a softening of household demand over the coming years,\u201d said Lowy.<\/p>\n<p><a href=\"http:\/\/business.financialpost.com\/personal-finance\/mortgages-real-estate\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada-report-says\" target=\"_blank\">&#8220;White-Hot&#8221; Vancouver, Toronto Housing Markets Could be Dragged Down by Rest of Canada<\/a> by Garry Marr | Financial Post<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new report from Moody\u2019s Analytics says Canada\u2019s two priciest markets could eventually be dragged down by housing results in the rest of the country. The report released Friday notes &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1011","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>&quot;White-Hot&quot; Vancouver, Toronto Housing Markets Could be Dragged Down by Rest of Canada &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"&quot;White-Hot&quot; Vancouver, Toronto Housing Markets Could be Dragged Down by Rest of Canada &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"A new report from Moody\u2019s Analytics says Canada\u2019s two priciest markets could eventually be dragged down by housing results in the rest of the country. The report released Friday notes &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/02\\\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/02\\\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"&#8220;White-Hot&#8221; Vancouver, Toronto Housing Markets Could be Dragged Down by Rest of Canada\",\"datePublished\":\"2016-02-22T16:45:53+00:00\",\"dateModified\":\"2016-02-22T16:55:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/02\\\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\\\/\"},\"wordCount\":436,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/02\\\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/02\\\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/02\\\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\\\/\",\"name\":\"\\\"White-Hot\\\" Vancouver, Toronto Housing Markets Could be Dragged Down by Rest of Canada &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2016-02-22T16:45:53+00:00\",\"dateModified\":\"2016-02-22T16:55:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/02\\\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/02\\\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/02\\\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"&#8220;White-Hot&#8221; Vancouver, Toronto Housing Markets Could be Dragged Down by Rest of Canada\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\"White-Hot\" Vancouver, Toronto Housing Markets Could be Dragged Down by Rest of Canada &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/","twitter_card":"summary_large_image","twitter_title":"\"White-Hot\" Vancouver, Toronto Housing Markets Could be Dragged Down by Rest of Canada &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"A new report from Moody\u2019s Analytics says Canada\u2019s two priciest markets could eventually be dragged down by housing results in the rest of the country. The report released Friday notes &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"&#8220;White-Hot&#8221; Vancouver, Toronto Housing Markets Could be Dragged Down by Rest of Canada","datePublished":"2016-02-22T16:45:53+00:00","dateModified":"2016-02-22T16:55:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/"},"wordCount":436,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Market Updates"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/","url":"https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/","name":"\"White-Hot\" Vancouver, Toronto Housing Markets Could be Dragged Down by Rest of Canada &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2016-02-22T16:45:53+00:00","dateModified":"2016-02-22T16:55:12+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2016\/02\/white-hot-vancouver-toronto-housing-markets-could-be-dragged-down-by-rest-of-canada\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"&#8220;White-Hot&#8221; Vancouver, Toronto Housing Markets Could be Dragged Down by Rest of Canada"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/1011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=1011"}],"version-history":[{"count":3,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/1011\/revisions"}],"predecessor-version":[{"id":1014,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/1011\/revisions\/1014"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=1011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=1011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=1011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}