{"id":12085,"date":"2019-04-05T08:55:39","date_gmt":"2019-04-05T15:55:39","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=12085"},"modified":"2019-04-03T13:57:40","modified_gmt":"2019-04-03T20:57:40","slug":"canada-housing-market-scorecard-for-homebuyers","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/","title":{"rendered":"Canada Housing Market Scorecard for Homebuyers"},"content":{"rendered":"<p style=\"text-align: justify;\">Housing affordability has become such a critical issue in Canada that the federal government is hatching a plot to help first-time homebuyers.<\/p>\n<p style=\"text-align: justify;\">But those who can afford to purchase their own homes have an advantage over seller\u2019s in several Canadian cities, a new report suggests.<\/p>\n<p style=\"text-align: justify;\">According to a brief study by BMO Economics, six out of 11 of Canada\u2019s bigger cities are currently buyer\u2019s markets for residential real estate.<\/p>\n<p style=\"text-align: justify;\">To take advantage, homebuyers will have to look to Western Canada, where all of the buyer\u2019s markets are found: Calgary, Edmonton, Saskatoon, Regina, Vancouver, and Regina all favour homebuyers right now.<\/p>\n<p style=\"text-align: justify;\">A buyer\u2019s market doesn\u2019t mean real estate is affordable for the average person or that prices are crashing. One typically arises when waning demand leads to listings piling up, sometimes giving consumers the opportunity to haggle pricing down.<\/p>\n<p style=\"text-align: justify;\">A common gauge of market balance is the sales-to-new listings ratio. The Canadian Real Estate Association generally considers markets with ratios between 40 and 60 percent to be \u201cbalanced.\u201d Higher ratios suggest a seller\u2019s market, while lower readings generally indicate a buyer\u2019s market.<\/p>\n<p style=\"text-align: justify;\">The ratio is calculated by dividing sales by new listings in a given month and expressed as a percentage \u2014 so a ratio of 100 percent means homes are selling at a rate as fast as listings are appearing.<\/p>\n<p style=\"text-align: justify;\">Five of the so-called buyer\u2019s markets still have ratios in excess of 40 percent, but BMO has taken long-term trends into consideration in its evaluation.<\/p>\n<p style=\"text-align: justify;\">Another two markets, Toronto and Winnipeg, were deemed \u201cbalanced,\u201d while Halifax, Montreal and Ottawa were in seller\u2019s territory.<\/p>\n<p style=\"text-align: justify;\">Based on the sales-to-new listings ratios in Montreal and Ottawa \u2014 71.6 and 77.5 percent, respectively \u2014 a Scotiabank Economist recently predicted \u201cpretty strong price gains\u201d for the cities this spring.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.livabl.com\/2019\/03\/canadas-best-buyers-markets-housing-scorecard.html\" target=\"_blank\" rel=\"noopener noreferrer\">Where are Canada&#8217;s Best Buyer&#8217;s Markets Right Now? Check Out This &#8220;Housing Market Scorecard&#8221;<\/a> by Josh Sherman | Livabl<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Housing affordability has become such a critical issue in Canada that the federal government is hatching a plot to help first-time homebuyers. But those who can afford to purchase their &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/\">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-12085","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>Canada Housing Market Scorecard for Homebuyers &#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\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Canada Housing Market Scorecard for Homebuyers &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Housing affordability has become such a critical issue in Canada that the federal government is hatching a plot to help first-time homebuyers. But those who can afford to purchase their &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\\\/2019\\\/04\\\/canada-housing-market-scorecard-for-homebuyers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/canada-housing-market-scorecard-for-homebuyers\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Canada Housing Market Scorecard for Homebuyers\",\"datePublished\":\"2019-04-05T15:55:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/canada-housing-market-scorecard-for-homebuyers\\\/\"},\"wordCount\":320,\"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\\\/2019\\\/04\\\/canada-housing-market-scorecard-for-homebuyers\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/canada-housing-market-scorecard-for-homebuyers\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/canada-housing-market-scorecard-for-homebuyers\\\/\",\"name\":\"Canada Housing Market Scorecard for Homebuyers &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2019-04-05T15:55:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/canada-housing-market-scorecard-for-homebuyers\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/canada-housing-market-scorecard-for-homebuyers\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/canada-housing-market-scorecard-for-homebuyers\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canada Housing Market Scorecard for Homebuyers\"}]},{\"@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":"Canada Housing Market Scorecard for Homebuyers &#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\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/","twitter_card":"summary_large_image","twitter_title":"Canada Housing Market Scorecard for Homebuyers &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Housing affordability has become such a critical issue in Canada that the federal government is hatching a plot to help first-time homebuyers. But those who can afford to purchase their &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\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Canada Housing Market Scorecard for Homebuyers","datePublished":"2019-04-05T15:55:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/"},"wordCount":320,"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\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/","url":"https:\/\/www.roryc.ca\/blog\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/","name":"Canada Housing Market Scorecard for Homebuyers &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2019-04-05T15:55:39+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2019\/04\/canada-housing-market-scorecard-for-homebuyers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Canada Housing Market Scorecard for Homebuyers"}]},{"@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\/12085","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=12085"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/12085\/revisions"}],"predecessor-version":[{"id":12086,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/12085\/revisions\/12086"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=12085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=12085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=12085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}