{"id":633,"date":"2016-01-15T15:15:17","date_gmt":"2016-01-15T23:15:17","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=633"},"modified":"2016-01-15T09:00:37","modified_gmt":"2016-01-15T17:00:37","slug":"december-home-data-comes-in","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/01\/december-home-data-comes-in\/","title":{"rendered":"December Home Data Comes In"},"content":{"rendered":"<p style=\"text-align: justify;\">National home sales fell 0.6% in December from November to December, but increased 10% year-over-year.<\/p>\n<p style=\"text-align: justify;\">Buyers trying to get ahead of changing mortgage rules faced obstacles last month.<\/p>\n<p style=\"text-align: justify;\">\u201cAn increasingly short supply of listings in Vancouver and Toronto blunted the impact of changes to mortgage regulations announced in December that were aimed at cooling these housing markets,\u201d CREA President Pauline Aunger said in a release. \u201cBuyers there had been expected to bring forward their purchase decisions before new regulations take effect in February 2016, but they faced a growing shortage of supply. Meanwhile, supply is ample in many other major urban markets, particularly those where buyers have become cautious amid economic uncertainty.\u201d<\/p>\n<p style=\"text-align: justify;\">Sales were down from the previous month in over half of markets.<\/p>\n<p style=\"text-align: justify;\">\u201cDecember mirrored the main themes of 2015, with strong sales activity and price growth across much of British Columbia and Ontario offsetting declines in activity among oil producing regions,\u201d said Gregory Klump, CREA\u2019s Chief Economist. \u201cThe recent decline and uncertain outlook for oil prices means that housing market prospects are unlikely to improve in the near term in regions where job market prospects are tied to oil production.\u201d<\/p>\n<p style=\"text-align: justify;\">Still, actual sales were up 10% year-over-year overall in December, with B.C.\u2019s Lower Mainland, the GTA, and Montreal leading the way.<\/p>\n<p style=\"text-align: justify;\">The national average price rose 12% year-over-year; excluding Greater Vancouver and the GTA, where prices increased by 5.4%. The average Canadian home cost $405,538 in December.<\/p>\n<p style=\"text-align: justify;\">New listings, meanwhile, rose 2.2% from November to December and, according to CREA, the housing market overall remains balanced.<\/p>\n<p><a href=\"http:\/\/www.canadianrealestatemagazine.ca\/news\/december-home-data-comes-in-201825.aspx\" target=\"_blank\">December Home Data Comes In<\/a> by Justin da Rosa | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>National home sales fell 0.6% in December from November to December, but increased 10% year-over-year. Buyers trying to get ahead of changing mortgage rules faced obstacles last month. \u201cAn increasingly &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/01\/december-home-data-comes-in\/\">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-633","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>December Home Data Comes In &#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\/2016\/01\/december-home-data-comes-in\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"December Home Data Comes In &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"National home sales fell 0.6% in December from November to December, but increased 10% year-over-year. 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