{"id":10563,"date":"2018-10-16T10:10:00","date_gmt":"2018-10-16T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=10563"},"modified":"2018-10-09T12:39:23","modified_gmt":"2018-10-09T19:39:23","slug":"where-canadian-home-prices-are-headed-for-the-rest-of-2018","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/10\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/","title":{"rendered":"Where Canadian Home Prices are Headed for the Rest of 2018?"},"content":{"rendered":"<p style=\"text-align: justify;\">Canadian home prices have been slowly trending upwards for the past few months, with plenty of industry speculation about what the final quarter of the year might have in store for the gradually warming market.<\/p>\n<p style=\"text-align: justify;\">While the market seems to have largely adjusted to the effects of a new mortgage stress test which took hold in January, a rising interest rate environment is expected to put a damper on prices for the foreseeable future.<\/p>\n<p style=\"text-align: justify;\">Two major home price indexes \u2014 Statistics Canada\u2019s New Home Price Index and the Teranet-National Bank Composite National Price Index \u2014 will be released this week and, according to one economist, they\u2019ll likely show more of the same relatively minor price growth.<\/p>\n<p style=\"text-align: justify;\">\u201cBoth measures have markedly decelerated this year, but they are posting small gains on a seasonally adjusted month-ago basis which may indicate that the worst adjustment to factors like [new mortgage rules] is working its way through,\u201d writes Scotiabank VP and head of capital markets economics Derek Holt, in a recent note.<\/p>\n<p style=\"text-align: justify;\">The comments mirror a recent forecast from Moody\u2019s Analytics and RPS Real Property Solutions, which predicted that the next five years would be a period of slower price growth for the market.<\/p>\n<p style=\"text-align: justify;\">\u201cThe national housing market still has a long way to go before it regains the level of affordabil\u00adity it had before 2015, when prices in Toronto and Vancouver took off, but has now taken the first steps to do so,\u201d wrote Moody\u2019s economist Andrew Carbacho-Burgos, in the report.<\/p>\n<p style=\"text-align: justify;\">With home prices growing at a more moderate pace, it is possible that median family income could keep up with, and even outpace, prices in the next five years. But a full-blown price correction is unlikely, according to Carbacho-Burgos.<\/p>\n<p style=\"text-align: justify;\">\u201cThe main downside risk now is that the measures taken to stabilize housing affordability and mortgage credit quality may prove too strong and may precipitate not just a house price correction, but also an extended decline in sales and possibly a reduction in homeownership,\u201d he wrote. \u201cHowever, the data for July and August indicate that home sales and house price growth have started to rally, so it is too soon to be pessimistic.\u201d<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/2018\/10\/heres-canadian-home-prices-headed-rest-2018.html\" target=\"_blank\" rel=\"noopener\">Here&#8217;s Where Canadian Home Prices are Headed for the Rest of 2018<\/a> by Sarah Niedoba | Livabl<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian home prices have been slowly trending upwards for the past few months, with plenty of industry speculation about what the final quarter of the year might have in store &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/10\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/\">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-10563","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>Where Canadian Home Prices are Headed for the Rest of 2018? &#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\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Where Canadian Home Prices are Headed for the Rest of 2018? &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Canadian home prices have been slowly trending upwards for the past few months, with plenty of industry speculation about what the final quarter of the year might have in store &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\\\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Where Canadian Home Prices are Headed for the Rest of 2018?\",\"datePublished\":\"2018-10-16T17:10:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\\\/\"},\"wordCount\":388,\"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\\\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\\\/\",\"name\":\"Where Canadian Home Prices are Headed for the Rest of 2018? &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2018-10-16T17:10:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/10\\\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Where Canadian Home Prices are Headed for the Rest of 2018?\"}]},{\"@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":"Where Canadian Home Prices are Headed for the Rest of 2018? &#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\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/","twitter_card":"summary_large_image","twitter_title":"Where Canadian Home Prices are Headed for the Rest of 2018? &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Canadian home prices have been slowly trending upwards for the past few months, with plenty of industry speculation about what the final quarter of the year might have in store &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\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/10\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Where Canadian Home Prices are Headed for the Rest of 2018?","datePublished":"2018-10-16T17:10:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/10\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/"},"wordCount":388,"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\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2018\/10\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/","url":"https:\/\/www.roryc.ca\/blog\/2018\/10\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/","name":"Where Canadian Home Prices are Headed for the Rest of 2018? &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2018-10-16T17:10:00+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/10\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2018\/10\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2018\/10\/where-canadian-home-prices-are-headed-for-the-rest-of-2018\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Where Canadian Home Prices are Headed for the Rest of 2018?"}]},{"@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\/10563","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=10563"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/10563\/revisions"}],"predecessor-version":[{"id":10564,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/10563\/revisions\/10564"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=10563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=10563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=10563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}