{"id":10199,"date":"2018-09-04T08:08:46","date_gmt":"2018-09-04T15:08:46","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=10199"},"modified":"2018-09-04T09:14:09","modified_gmt":"2018-09-04T16:14:09","slug":"td-the-canadian-housing-market-stage-is-set-for-a-major-comeback","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/09\/td-the-canadian-housing-market-stage-is-set-for-a-major-comeback\/","title":{"rendered":"TD : The Canadian Housing Market Stage is Set for A Major Comeback"},"content":{"rendered":"

After months of slumping activity, economists and industry watchers alike have been waiting to see when the Canadian housing market would get back on its feet. Now, according to a new report from TD, the stage is set for a major comeback.<\/p>\n

\u201cTighter lending rules, rising borrowing costs and provincial policy actions left Canadian housing markets stumbling out of the gate in 2018. However, our longstanding view was that some traction would be gained after sharp initial adjustments to these factors,\u201d write TD economists Derek Burleton and Rishi Sondhi, in a recent report.<\/p>\n

The pair note that Ontario has seen an increase in home sales and prices over the past two months, while Alberta and New Brunswick have also warmed considerably.<\/p>\n

\u201cSales and prices are turning around in Toronto amidst significant pent-up demand,\u201d they write. But not every market is in recovery mode just yet. \u201cIn contrast, Vancouver\u2019s market has yet to find a bottom given lingering government policy impacts,\u201d they add.<\/p>\n

The pair predict that, heading into the second half of 2018, strong economic conditions should bolster housing markets across the country.<\/p>\n

\u201cSales and prices should gain traction across most major markets as the year continues to roll forward, as the effects of [new mortgage rules] fade away,\u201d they write.<\/p>\n

They add that the market seems to be responding in \u201ctextbook fashion\u201d to the mortgage stress test introduced in January, which many economists had predicted would have only a temporary dampening effect on housing activity.<\/p>\n

\u201cOur longstanding view has been that Canada\u2019s major housing markets would regain traction after the initial sharp knee-jerk policy adjustments,\u201d they write. \u201cPast experience has shown that markets begin to stabilize after about 4-6 months following the implementation of major changes to housing policy.\u201d<\/p>\n

This Bank Says That The Canadian Housing Market is Poised for A Comeback<\/a> by Sarah Niedoba | Livabl<\/p>\n","protected":false},"excerpt":{"rendered":"

After months of slumping activity, economists and industry watchers alike have been waiting to see when the Canadian housing market would get back on its feet. Now, according to a … [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-10199","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"\nTD : The Canadian Housing Market Stage is Set for A Major Comeback • 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\/2018\/09\/td-the-canadian-housing-market-stage-is-set-for-a-major-comeback\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"TD : The Canadian Housing Market Stage is Set for A Major Comeback • Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"After months of slumping activity, economists and industry watchers alike have been waiting to see when the Canadian housing market would get back on its feet. 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