{"id":18563,"date":"2021-09-20T10:10:00","date_gmt":"2021-09-20T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=18563"},"modified":"2021-09-14T08:37:52","modified_gmt":"2021-09-14T15:37:52","slug":"low-inventory-strong-demand-will-prevent-home-prices-from-falling","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/","title":{"rendered":"Low Inventory &#038; Strong Demand will Prevent Home Prices from Falling"},"content":{"rendered":"<p style=\"text-align: justify;\">The winter buying frenzy in Canada\u2019s housing market has given way to a restrained pace of sales that will culminate in prices flattening early next year, says a report from RBC Economics.<\/p>\n<p style=\"text-align: justify;\">Not only is an uncontrolled upward price spiral now unlikely, low inventory and strong demand, as seen through historically strong resales, will prevent prices from falling. But despite low interest rates, housing prices are high enough that affordability remains a major problem in Vancouver and Toronto, and it\u2019s a growing issue in Montreal, the second largest city in the country. Moreover, if inflation keeps running \u201ctoo hot,\u201d interest rates will begin rising, predicts RBC.<\/p>\n<p style=\"text-align: justify;\">The report also stated that, in Toronto, affordability woes make the city\u2019s real estate market vulnerable.<\/p>\n<p style=\"text-align: justify;\">\u201cAfter reaching sky-high levels at the start of the year, activity has slowed since spring,\u201d said the report written by Robert Hogue. \u201cBut so have listings, which have kept the market extremely tight and prices under intense upward pressure. The heat has extended to the condo segment where prices are now firming. Overstretched affordability remains a significant issue and top vulnerability. A dip in population growth poses a risk, though it will be short-lived.\u201d<\/p>\n<p style=\"text-align: justify;\">However, broker Davelle Morrison of Bosley Real Estate Ltd. neither believes that prices will flatten in 2022, because the pace of immigration is expected to accelerate, nor does she anticipate that they will grow as much as they have during the last 15 or so months.<\/p>\n<p style=\"text-align: justify;\">\u201cI don\u2019t expect them to flatten. I don\u2019t expect them to rise uncontrollably either, but I feel like prices will keep increasing. Our borders just opened, so double-vaxxed people will come over,\u201d she said. \u201cI think we will see people from Hong Kong coming too\u2014there are still a lot of Canadians living in Hong Kong wanting to come back, so no, prices will not flatten. People want to live here. They want to live in Canada.\u201d<\/p>\n<p style=\"text-align: justify;\">The report also says the likelihood of intervention in the housing market is very high considering there\u2019s a federal election in less than two weeks and there could be a new government\u2014although, citing the B-20 mortgage stress test amendment in June, RBC acknowledges that the Office of the Superintendent of Financial Institutions\u2019 intercession actually strengthened household resilience.<\/p>\n<p style=\"text-align: justify;\">The RBC report anticipates that competition for housing in Vancouver will be fierce going forward because of low inventory, and it says the city\u2019s residential real estate market is vulnerable as a consequence of having the most expensive home prices in Canada.<\/p>\n<p style=\"text-align: justify;\">Montreal, meanwhile, has seen a moderation of activity in its market through the summer, and that has slowed property appreciation.<\/p>\n<p style=\"text-align: justify;\">\u201cSellers still have the upper hand,\u201d said the report. \u201cAffordability is a moderate but growing strain. Elevated rental apartment construction warrants close monitoring.\u201d<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/home-prices-will-flatten-in-2022-rbc-334824.aspx\" target=\"_blank\" rel=\"noopener\">RBC : Home Prices will Flatten in 2022<\/a> by Neil Sharma | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The winter buying frenzy in Canada\u2019s housing market has given way to a restrained pace of sales that will culminate in prices flattening early next year, says a report from &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/\">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-18563","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Low Inventory &amp; Strong Demand will Prevent Home Prices from Falling &#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\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Low Inventory &amp; Strong Demand will Prevent Home Prices from Falling &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The winter buying frenzy in Canada\u2019s housing market has given way to a restrained pace of sales that will culminate in prices flattening early next year, says a report from &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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/09\\\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/09\\\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Low Inventory &#038; Strong Demand will Prevent Home Prices from Falling\",\"datePublished\":\"2021-09-20T17:10:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/09\\\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\\\/\"},\"wordCount\":490,\"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\\\/2021\\\/09\\\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/09\\\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/09\\\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\\\/\",\"name\":\"Low Inventory & Strong Demand will Prevent Home Prices from Falling &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2021-09-20T17:10:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/09\\\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/09\\\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/09\\\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Low Inventory &#038; Strong Demand will Prevent Home Prices from Falling\"}]},{\"@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":"Low Inventory & Strong Demand will Prevent Home Prices from Falling &#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\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/","twitter_card":"summary_large_image","twitter_title":"Low Inventory & Strong Demand will Prevent Home Prices from Falling &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"The winter buying frenzy in Canada\u2019s housing market has given way to a restrained pace of sales that will culminate in prices flattening early next year, says a report from &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Low Inventory &#038; Strong Demand will Prevent Home Prices from Falling","datePublished":"2021-09-20T17:10:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/"},"wordCount":490,"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\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/","url":"https:\/\/www.roryc.ca\/blog\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/","name":"Low Inventory & Strong Demand will Prevent Home Prices from Falling &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2021-09-20T17:10:00+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2021\/09\/low-inventory-strong-demand-will-prevent-home-prices-from-falling\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Low Inventory &#038; Strong Demand will Prevent Home Prices from Falling"}]},{"@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\/18563","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=18563"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/18563\/revisions"}],"predecessor-version":[{"id":18564,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/18563\/revisions\/18564"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=18563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=18563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=18563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}