{"id":20908,"date":"2022-11-23T10:10:00","date_gmt":"2022-11-23T18:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=20908"},"modified":"2022-11-16T10:13:31","modified_gmt":"2022-11-16T18:13:31","slug":"national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/","title":{"rendered":"National Home Sales Up, The Largest Sales Increase was in Vancouver (6%)"},"content":{"rendered":"<p style=\"text-align: justify;\">Canadian home sales are starting to edge upwards again for the first time since February after a tough and unpredictable year for Canada\u2019s real estate market.<\/p>\n<p style=\"text-align: justify;\">As interest rates and prices rose, home sales across the country tracked well below last year\u2019s averages. But according to the Canadian Real Estate Association, approximately 60% of local Canadian markets saw sales increase in October.<\/p>\n<p style=\"text-align: justify;\">That\u2019s a 1.3% month-over-month increase. While 1.3% isn\u2019t much, it\u2019s the largest increase the market has seen in eight months. But while sales increased, the average national home price decreased in October to $644,643 \u2013 down 9.9% from this time last year.<\/p>\n<p style=\"text-align: justify;\">\u201cIn October, sales across the country increased for the first time since before interest rates started to rise last winter,\u201d Jill Oudil, CREA\u2019s chair, said. \u201cOf course, we\u2019ve known the demand was there, so it\u2019s just been a matter of some playing the waiting game as borrowing costs and prices have adjusted. Moving into 2023, sellers and buyers will likely continue coming off the sidelines, but it\u2019s a very different market compared to just one year ago.\u201d<\/p>\n<p style=\"text-align: justify;\">The largest sales increase was seen in Vancouver (6%), and the largest decrease was seen in Montreal (2.4%). Aside from these two markets, gains and declines were small across the board.<\/p>\n<p style=\"text-align: justify;\">As sales increased in October, so did the number of newly listed homes.<\/p>\n<p style=\"text-align: justify;\">Nationally, 2.2% more homes hit the market in October, with increases in the GTA and the BC Lower Mainland offsetting some of the slower markets in Montreal and Halifax-Dartmouth.<\/p>\n<p style=\"text-align: justify;\">The increase in newly listed homes bumped the sales-to-new listings ratio back down to 51.6% from 52% in September.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/2022\/11\/national-home-sales-increase-first-time-since-february-prices-down.html\" target=\"_blank\" rel=\"noopener\">National Home Sales Increase for The First Time Since February, Prices Down 10%<\/a> by Cassie Apperloo | Livabl<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian home sales are starting to edge upwards again for the first time since February after a tough and unpredictable year for Canada\u2019s real estate market. As interest rates and &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/\">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-20908","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>National Home Sales Up, The Largest Sales Increase was in Vancouver (6%) &#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\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"National Home Sales Up, The Largest Sales Increase was in Vancouver (6%) &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Canadian home sales are starting to edge upwards again for the first time since February after a tough and unpredictable year for Canada\u2019s real estate market. As interest rates and &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\\\/2022\\\/11\\\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"National Home Sales Up, The Largest Sales Increase was in Vancouver (6%)\",\"datePublished\":\"2022-11-23T18:10:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\\\/\"},\"wordCount\":297,\"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\\\/2022\\\/11\\\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\\\/\",\"name\":\"National Home Sales Up, The Largest Sales Increase was in Vancouver (6%) &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2022-11-23T18:10:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"National Home Sales Up, The Largest Sales Increase was in Vancouver (6%)\"}]},{\"@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":"National Home Sales Up, The Largest Sales Increase was in Vancouver (6%) &#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\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/","twitter_card":"summary_large_image","twitter_title":"National Home Sales Up, The Largest Sales Increase was in Vancouver (6%) &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Canadian home sales are starting to edge upwards again for the first time since February after a tough and unpredictable year for Canada\u2019s real estate market. As interest rates and &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\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"National Home Sales Up, The Largest Sales Increase was in Vancouver (6%)","datePublished":"2022-11-23T18:10:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/"},"wordCount":297,"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\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/","url":"https:\/\/www.roryc.ca\/blog\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/","name":"National Home Sales Up, The Largest Sales Increase was in Vancouver (6%) &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2022-11-23T18:10:00+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2022\/11\/national-home-sales-up-the-largest-sales-increase-was-in-vancouver-6\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"National Home Sales Up, The Largest Sales Increase was in Vancouver (6%)"}]},{"@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\/20908","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=20908"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/20908\/revisions"}],"predecessor-version":[{"id":20909,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/20908\/revisions\/20909"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=20908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=20908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=20908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}