{"id":6896,"date":"2017-09-11T10:10:34","date_gmt":"2017-09-11T17:10:34","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=6896"},"modified":"2017-09-07T09:22:58","modified_gmt":"2017-09-07T16:22:58","slug":"canadian-real-estate-posts-world-leading-great-recession-recovery","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2017\/09\/canadian-real-estate-posts-world-leading-great-recession-recovery\/","title":{"rendered":"Canadian Real Estate Posts World-Leading Great Recession Recovery"},"content":{"rendered":"<p style=\"text-align: justify;\">Advanced economies continue to recover from this millennium\u2019s first global financial crisis, and in terms of residential real estate, Canada is seeing the fastest pace of price gains in the world, according to the Bank for International Settlements.<\/p>\n<p style=\"text-align: justify;\">Canadian residential property prices soared 15% in the first quarter of the year when compared to the same period in 2016, according to the global financial institution, which acts as a bank for national central banks.<\/p>\n<p style=\"text-align: justify;\">\u00a0\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/09\/Buzz-RE.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-6897\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/09\/Buzz-RE-300x148.jpg\" alt=\"\" width=\"574\" height=\"283\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/09\/Buzz-RE-300x148.jpg 300w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/09\/Buzz-RE-768x380.jpg 768w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/09\/Buzz-RE.jpg 1024w\" sizes=\"auto, (max-width: 574px) 100vw, 574px\" \/><\/a><\/p>\n<p>The increase surpassed Canada\u2019s fourth-quarter-2016 performance, when prices vaulted 13% annually, the most rapid increase of any country the Bank for International Settlements examined at the time.<\/p>\n<p style=\"text-align: justify;\">\u201cAverage residential property prices continued to rise for the group of advanced economies (AEs) in the first quarter of 2017,\u201d reads the bank\u2019s commentary as it notes a broader trend.<\/p>\n<p style=\"text-align: justify;\">Australia, which recorded annual growth of 8 per cent, had the second-hottest national housing market of any advanced economy, but was edged out overall by emerging market China, where residential property prices surged 9 per cent annually.<\/p>\n<p style=\"text-align: justify;\">\u201cFrom a longer term perspective, real property prices in the AEs as a whole have strengthened continuously over the past five years and have almost recovered the ground lost after the Great Financial Crisis (GFC) of 2007-09,\u201d the bank continues.<\/p>\n<p style=\"text-align: justify;\">Across all advanced economies the Bank for International Settlements tracks, prices rose 3.6% on a year-over-year basis, shy of the appreciation observed in emerging market economies, which posted annual growth of 3.8%.<\/p>\n<p style=\"text-align: justify;\">\u201cDespite the recent strengthening in EMEs, developments in such economies are broadly in line with the stabilisation of housing prices observed on average since the beginning of 2014,\u201d the report notes.<\/p>\n<p><a href=\"http:\/\/news.buzzbuzzhome.com\/2017\/09\/canadian-real-estate-great-recession-recovery.html\" target=\"_blank\" rel=\"noopener\">Canadian Real Estate Posts World-Leading Great Recession Recovery<\/a> by Josh Sherman | Buzz Buzz Home<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Advanced economies continue to recover from this millennium\u2019s first global financial crisis, and in terms of residential real estate, Canada is seeing the fastest pace of price gains in the &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2017\/09\/canadian-real-estate-posts-world-leading-great-recession-recovery\/\">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-6896","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>Canadian Real Estate Posts World-Leading Great Recession Recovery &#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\/2017\/09\/canadian-real-estate-posts-world-leading-great-recession-recovery\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Canadian Real Estate Posts World-Leading Great Recession Recovery &#8226; 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