{"id":10526,"date":"2018-10-13T11:11:11","date_gmt":"2018-10-13T18:11:11","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=10526"},"modified":"2018-10-12T11:09:44","modified_gmt":"2018-10-12T18:09:44","slug":"residential-housing-market-in-canada-is-more-or-less-flat","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/","title":{"rendered":"Residential Housing Market in Canada is More or Less Flat"},"content":{"rendered":"<p style=\"text-align: justify;\">Property sale in Canada increased marginally by 0.9% month on month in August while prices increased on average by 1% year on year to $475,500, the latest national index shows.<\/p>\n<p style=\"text-align: justify;\">While sales activity is still running below levels in most other months going back to early 2014, around half of all local markets recorded an increase in sales from July to August, according to the index from the Canadian Real Estate Association (CREA).<\/p>\n<p style=\"text-align: justify;\">The index also shows that the national average price of $475,500 is heavily skewed by sales in the Greater Vancouver Area and the Greater Toronto Area, two of Canada\u2019s most active and expensive markets. Excluding these two markets from calculations cuts almost $94,000 from the national average price, trimming it to just under $382,000.<\/p>\n<p style=\"text-align: justify;\">Nationally, growth was led by the Greater Toronto Area (GTA), along with gains in Montreal and Edmonton but overall the new stress test on mortgage applicants introduced earlier this year continues to weigh on national home sales, according to the index report.<\/p>\n<p style=\"text-align: justify;\">Apartments recorded the largest year on year price gains in August with a rise of 9.5%, followed by townhouse\/row units up 4.3%, while one storey and two storey single family home prices were little changed, up 0.4% and down 0.4% respectively.<\/p>\n<p style=\"text-align: justify;\">Trends continue to vary widely among the 17 housing markets tracked by the index. Prices were up, however, by 4.1% in the Greater Vancouver Area, up 10.7% in Fraser Valley, up 8.5% in Victoria and up 13.6% on Vancouver Island, prices climbed 13.6%.<\/p>\n<p style=\"text-align: justify;\">Among the Greater Golden Horseshoe housing markets tracked by the index, prices were up year on year by 7.2% in Hamilton-Burlington, up 6.6% in the Niagara Region up 5.5% in Guelph, up 1.4% in the Greater Toronto area and fell by 2.7% in Barrie.<\/p>\n<p style=\"text-align: justify;\">In the Prairies prices were down year on year by 2.2% in Calgary, by 2.1% in Edmonton, by 4.8% in Regina and by 2.3% in Saskatoon. Meanwhile, prices rose by 7.1% in Ottawa, by 5.9% in Greater Montreal and by 4.8% in Greater Moncton.<\/p>\n<p><a href=\"https:\/\/www.propertywire.com\/news\/north-america\/residential-housing-market-in-canada-is-more-or-less-flat-latest-index-suggests\/\" target=\"_blank\" rel=\"noopener\">Residential Housing Market in Canada is More or Less Flat from Latest Index Suggests<\/a> by Property Wire<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property sale in Canada increased marginally by 0.9% month on month in August while prices increased on average by 1% year on year to $475,500, the latest national index shows. &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/\">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-10526","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>Residential Housing Market in Canada is More or Less Flat &#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\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Residential Housing Market in Canada is More or Less Flat &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Property sale in Canada increased marginally by 0.9% month on month in August while prices increased on average by 1% year on year to $475,500, the latest national index shows. &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\\\/2018\\\/10\\\/residential-housing-market-in-canada-is-more-or-less-flat\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/residential-housing-market-in-canada-is-more-or-less-flat\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Residential Housing Market in Canada is More or Less Flat\",\"datePublished\":\"2018-10-13T18:11:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/residential-housing-market-in-canada-is-more-or-less-flat\\\/\"},\"wordCount\":341,\"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\\\/2018\\\/10\\\/residential-housing-market-in-canada-is-more-or-less-flat\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/residential-housing-market-in-canada-is-more-or-less-flat\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/residential-housing-market-in-canada-is-more-or-less-flat\\\/\",\"name\":\"Residential Housing Market in Canada is More or Less Flat &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2018-10-13T18:11:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/residential-housing-market-in-canada-is-more-or-less-flat\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/residential-housing-market-in-canada-is-more-or-less-flat\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/residential-housing-market-in-canada-is-more-or-less-flat\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Residential Housing Market in Canada is More or Less Flat\"}]},{\"@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":"Residential Housing Market in Canada is More or Less Flat &#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\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/","twitter_card":"summary_large_image","twitter_title":"Residential Housing Market in Canada is More or Less Flat &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Property sale in Canada increased marginally by 0.9% month on month in August while prices increased on average by 1% year on year to $475,500, the latest national index shows. &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\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Residential Housing Market in Canada is More or Less Flat","datePublished":"2018-10-13T18:11:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/"},"wordCount":341,"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\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/","url":"https:\/\/www.roryc.ca\/blog\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/","name":"Residential Housing Market in Canada is More or Less Flat &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2018-10-13T18:11:11+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2018\/10\/residential-housing-market-in-canada-is-more-or-less-flat\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Residential Housing Market in Canada is More or Less Flat"}]},{"@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\/10526","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=10526"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/10526\/revisions"}],"predecessor-version":[{"id":10527,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/10526\/revisions\/10527"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=10526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=10526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=10526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}