{"id":24843,"date":"2024-11-08T10:10:12","date_gmt":"2024-11-08T18:10:12","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=24843"},"modified":"2024-11-08T10:14:59","modified_gmt":"2024-11-08T18:14:59","slug":"creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/","title":{"rendered":"CREA&#8217;s Latest Forecast Paints A Cautiously Optimistic Picture for Housing Market"},"content":{"rendered":"<p style=\"text-align: justify;\">The Canadian Real Estate Association (CREA) released its quarterly forecast on October 15 and, as it turns out, it\u2019s a mixed bag. There\u2019s cautious optimism as national home sales are expected to see a modest recovery, and interest rates are forecasted to drop further.<\/p>\n<p style=\"text-align: justify;\">However, don\u2019t pop the champagne just yet.<\/p>\n<p style=\"text-align: justify;\"><strong>The Market&#8217;s Recovering, But Not at A Sprinting Pace to The Finish Line<\/strong><\/p>\n<p style=\"text-align: justify;\">The reality of affordability challenges continues to loom over the Canadian housing market, despite interest rate optimism felt by the real estate industry. According to Bloomberg, Canadian interest rates would need to fall 350 bps to restore pre-covid affordability :<\/p>\n<p style=\"text-align: justify;\">CREA\u2019s forecast highlights a steady uptick in home sales \u2014 largely thanks to recent interest rate cuts by the Bank of Canada. A 5.2% bump in sales for 2024 is being touted as a sign of recovery.<\/p>\n<p style=\"text-align: justify;\">Although this is what we\u2019ve all been waiting for, some regions are still dragging their feet. And price increases, while present, are lukewarm at best. In other words, the market\u2019s recovering, but it\u2019s not exactly sprinting to the finish line.<\/p>\n<p style=\"text-align: justify;\"><strong>The (not so) Immediate Impact of Interest Rate Cuts<\/strong><\/p>\n<p style=\"text-align: justify;\">Three interest rate cuts in 2024, and what do we have to show for it? Well, according to CREA\u2019s report, national home sales recorded over Canadian MLS systems inched up 1.9% in September compared to August. It\u2019s the highest level since July 2023.<\/p>\n<p style=\"text-align: justify;\">With each rate cut, sales have bumped up slightly, but the market is not all sunshine yet as consumer sentiment has remained low.<\/p>\n<p style=\"text-align: justify;\">CREA\u2019s senior economist, Shaun Cathcart, is already warning that buyers might hit the pause button, waiting for the next round of rate cuts next year \u2014 the market could stall again before the rebound we\u2019re all supposed to get excited about in 2025. This is one of the primary reasons that interest rate cuts take such a long time to move through the market. If buyers see more rate cuts ahead, they may wait for lower rates, especially if they don\u2019t see prices rebounding anytime soon.<\/p>\n<p style=\"text-align: justify;\">Experts seem to think they could be wrong, though. TD Bank recently projected that recent CMHC insurance changes will front-load any house price increases into the first half of 2025, leading to slower growth at the end of next year :<img loading=\"lazy\" decoding=\"async\" class=\" wp-image-24845 aligncenter\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA-288x288.jpg\" alt=\"\" width=\"500\" height=\"500\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA-288x288.jpg 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA-155x155.jpg 155w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA-768x768.jpg 768w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA-420x420.jpg 420w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA-240x240.jpg 240w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA.jpg 888w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><strong>6.9% Increase in September Home Sales But Prices Still Down Year-Over-Year<\/strong><\/p>\n<p style=\"text-align: justify;\">September saw a 6.9% increase in home sales compared to the same time last year. This sounds great, but the reality is that the market is stabilizing after the roller coaster ride of relatively higher interest rates and the economic turmoil we\u2019ve seen in the last couple of years.<\/p>\n<p style=\"text-align: justify;\">Interestingly, the number of newly listed properties shot up 4.9%, suggesting that sellers are feeling brave enough to test the waters. This is a welcome change compared to the \u201cwait and see\u201d approach we\u2019d seen from sellers earlier in the year when they seemed to hope rate cuts would help them achieve a better price or faster sale. With prices down 3.3% year-over-year, it appears interest rates are not supporting price growth the way they\u2019d hoped.<\/p>\n<p style=\"text-align: justify;\">CREA is quick to point out that month-to-month, things are trending upwards. In short, we\u2019re on the mend, but it\u2019s hardly over yet.<\/p>\n<p style=\"text-align: justify;\"><strong>Housing Prices Rising Slow and Steady<\/strong><\/p>\n<p style=\"text-align: justify;\">According to CREA\u2019s forecast, the national average home price saw a year-over-year increase of 0.9%, bringing the average to $683,200. Looking ahead, prices are projected to rise another 4.4% in 2025, crossing the $700,000 mark ($713,375 to be precise), which suggests solid market fundamentals. As mentioned before, this growth could be aided by recent changes to Canadian mortgage rules, increasing the CMHC limit to $1.5 million.<\/p>\n<p style=\"text-align: justify;\">For now, prices are mostly flat with only minor month-over-month fluctuations. This could be considered good news for those considering selling their home in the near future, where the absence of volatility makes the market much safer to buy and sell simultaneously. This is a welcome change from the high-stress buyer\u2019s markets we\u2019ve seen across Canada over the last few years.<\/p>\n<p style=\"text-align: justify;\"><strong>More Listings, More Options &#8211; but Not Necessarily More Sales<\/strong><\/p>\n<p style=\"text-align: justify;\">September had a significant rise in new listings \u2014 up 4.9% from August. On the surface, this sounds like a great thing for buyers who\u2019ve been struggling to find a decent property. But the surge in listings hasn\u2019t exactly translated into a flood of sales. In fact, sales are climbing at a slower rate than new listings, and this could tip the balance toward buyers \u2014 eventually.<\/p>\n<p style=\"text-align: justify;\">The increase in supply should give buyers more leverage, but for now, the market is still holding steady in what CREA calls \u201cbalanced\u201d territory. In other words, neither buyers or sellers are fully in control, but this could change if listings keep rising and sales don\u2019t pick up pace.<\/p>\n<p style=\"text-align: justify;\">Months of inventory has stabilized just above four months, though the sales-to-new listings ratio continues to slow down, meaning buyers aren\u2019t absorbing new listings as quickly as they were.<\/p>\n<p style=\"text-align: justify;\"><strong>185,000+ Properties Listed in September, Below Historical Average &#8211; Power Could soon Shift to Buyers<\/strong><\/p>\n<p style=\"text-align: justify;\">As of September, there were 185,427 properties listed for sale on MLS systems nationwide, up 16.8% from the previous year. Keep in mind that we\u2019re still below the historical average of around 200,000 listings.<\/p>\n<p style=\"text-align: justify;\">The national sales-to-new-listings ratio dropped to 51.3% in September from 52.8% in August. While this is consistent with a balanced market, it\u2019s worth noting that if listings keep rising and sales don\u2019t, the power could soon shift to buyers.<\/p>\n<p style=\"text-align: justify;\"><strong>Will The Real Estate Market Rebound in 2025? It&#8217;s Never as Smooth as It Sounds<\/strong><\/p>\n<p style=\"text-align: justify;\">According to CREA, home sales are forecast to climb by 6.6% in 2025, with 499,800 units expected to change hands. This optimism hinges on expectations of even more interest rate cuts and a friendlier economic environment.<\/p>\n<p style=\"text-align: justify;\">The narrative here is clear \u2014 2025 is the year when everything is supposed to come together. Demand will surge, inventory will remain low and prices will rise steadily. But as always, there are still plenty of variables at play, and it\u2019s never as smooth as it sounds.<\/p>\n<p style=\"text-align: justify;\">CREA\u2019s latest forecast paints a cautiously optimistic picture for the Canadian housing market. While 2024 is showing some incremental improvements, real action is expected in 2025 when interest rates drop further.<\/p>\n<p style=\"text-align: justify;\">Until then, we can expect more of the same : a slow, steady recovery that\u2019s more about survival than celebration. Buyers and sellers alike should keep their expectations in check as we move through the final months of 2024.<\/p>\n<p><a href=\"https:\/\/realestatemagazine.ca\/what-creas-latest-forecast-really-means-for-buyers-and-sellers-in-2025\/\" target=\"_blank\" rel=\"noopener\">What CREA&#8217;s Latest Forecast Really Means for Buyers and Sellers in 2025?<\/a> by Real Estate Magazine<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian Real Estate Association (CREA) released its quarterly forecast on October 15 and, as it turns out, it\u2019s a mixed bag. There\u2019s cautious optimism as national home sales are &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/\">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":[8,13],"tags":[],"class_list":["post-24843","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CREA&#039;s Latest Forecast Paints A Cautiously Optimistic Picture for Housing Market &#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\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"CREA&#039;s Latest Forecast Paints A Cautiously Optimistic Picture for Housing Market &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The Canadian Real Estate Association (CREA) released its quarterly forecast on October 15 and, as it turns out, it\u2019s a mixed bag. There\u2019s cautious optimism as national home sales are &hellip; [read more]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA.jpg\" \/>\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=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"CREA&#8217;s Latest Forecast Paints A Cautiously Optimistic Picture for Housing Market\",\"datePublished\":\"2024-11-08T18:10:12+00:00\",\"dateModified\":\"2024-11-08T18:14:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/\"},\"wordCount\":1104,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"image\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/TD-CREA-288x288.jpg\",\"articleSection\":[\"Market Updates\",\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/\",\"name\":\"CREA's Latest Forecast Paints A Cautiously Optimistic Picture for Housing Market &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/TD-CREA-288x288.jpg\",\"datePublished\":\"2024-11-08T18:10:12+00:00\",\"dateModified\":\"2024-11-08T18:14:59+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/TD-CREA.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/TD-CREA.jpg\",\"width\":888,\"height\":888},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/11\\\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CREA&#8217;s Latest Forecast Paints A Cautiously Optimistic Picture for Housing Market\"}]},{\"@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":"CREA's Latest Forecast Paints A Cautiously Optimistic Picture for Housing Market &#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\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/","twitter_card":"summary_large_image","twitter_title":"CREA's Latest Forecast Paints A Cautiously Optimistic Picture for Housing Market &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"The Canadian Real Estate Association (CREA) released its quarterly forecast on October 15 and, as it turns out, it\u2019s a mixed bag. There\u2019s cautious optimism as national home sales are &hellip; [read more]","twitter_image":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA.jpg","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"CREA&#8217;s Latest Forecast Paints A Cautiously Optimistic Picture for Housing Market","datePublished":"2024-11-08T18:10:12+00:00","dateModified":"2024-11-08T18:14:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/"},"wordCount":1104,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"image":{"@id":"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA-288x288.jpg","articleSection":["Market Updates","Real Estate"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/","url":"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/","name":"CREA's Latest Forecast Paints A Cautiously Optimistic Picture for Housing Market &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/#primaryimage"},"image":{"@id":"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA-288x288.jpg","datePublished":"2024-11-08T18:10:12+00:00","dateModified":"2024-11-08T18:14:59+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/#primaryimage","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2024\/10\/TD-CREA.jpg","width":888,"height":888},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2024\/11\/creas-latest-forecast-paints-a-cautiously-optimistic-picture-for-housing-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"CREA&#8217;s Latest Forecast Paints A Cautiously Optimistic Picture for Housing Market"}]},{"@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\/24843","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=24843"}],"version-history":[{"count":2,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/24843\/revisions"}],"predecessor-version":[{"id":24847,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/24843\/revisions\/24847"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=24843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=24843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=24843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}