{"id":8252,"date":"2018-02-16T10:10:54","date_gmt":"2018-02-16T18:10:54","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=8252"},"modified":"2018-02-14T09:51:04","modified_gmt":"2018-02-14T17:51:04","slug":"supply-demand-gap-largest-in-toronto-vancouver","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/","title":{"rendered":"Supply-Demand Gap Largest in Toronto &#038; Vancouver"},"content":{"rendered":"<p style=\"text-align: justify;\">Toronto and Vancouver\u2019s real estate markets have responded to surging prices and a growing demand for homes with a supply of new housing that is \u201csignificantly weaker than other Canadian metropolitan areas.\u201d<\/p>\n<p style=\"text-align: justify;\">The disparity between supply and demand has been largest in the two cities, but \u201cwe do not fully know why this is the case,\u201d said the Canadian Mortgage and Housing Corporation, in a recent report on escalating house prices in the country\u2019s large metropolitan centres between 2010 and 2016.<\/p>\n<p style=\"text-align: justify;\">Data gaps are keeping CMHC from developing a full picture of why Montreal, Calgary, and Edmonton don\u2019t have as big of an inconsistency between supply and demand as Toronto and Vancouver do, but CMHC\u2019s deputy chief economist Aled ab Iorwerth said he has noticed Calgary and Edmonton responding to demand with \u201chorizontal sprawl.\u201d<\/p>\n<p style=\"text-align: justify;\">As for Montreal, he told The Canadian Press that the city already has \u201ca large rental sector, there is perhaps an acceptance of living in denser housing there, and they seem to be more ready to convert industrial land into housing.\u201d<\/p>\n<p style=\"text-align: justify;\">Helping housing supply catch up to demand in any of the country\u2019s major cities will involve combating urban sprawl and increasing densification, while dealing with affordability, infrastructure, and environmental issues, the CMHC report said.<\/p>\n<p style=\"text-align: justify;\">CMHC also noted that a lack of supply in Vancouver and Toronto had buyers gravitating towards condos \u2014 which were more plentiful and have seen a spike in investor demand \u2014 as well as high-end homes. Almost all the growth that CMHC saw in prices came from expensive, single-detached homes.<\/p>\n<p style=\"text-align: justify;\">\u201cWhile Toronto and Vancouver showed large and persistent increases in prices, there was only modest price growth in Montreal,\u201d the report said. \u201cHome prices in oil-dependent Calgary and Edmonton ended the period slightly higher.\u201d<\/p>\n<p style=\"text-align: justify;\">Between 2010 and 2016, CMHC found house prices jumped by 40% in Toronto, with 40% of that rise attributable to growth in jobs, population, disposable income, and previously low mortgage rates.<\/p>\n<p style=\"text-align: justify;\">Those factors contributed to 75% of the 48% increase Vancouver saw in the same time frame.<\/p>\n<p><a href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/supplydemand-gap-largest-in-toronto-vancouver--cmhc-237706.aspx\" target=\"_blank\" rel=\"noopener\">CMHC : Supply-Demand Gap Largest in Toronto &amp; Vancouver<\/a> by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toronto and Vancouver\u2019s real estate markets have responded to surging prices and a growing demand for homes with a supply of new housing that is \u201csignificantly weaker than other Canadian &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/\">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-8252","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>Supply-Demand Gap Largest in Toronto &amp; Vancouver &#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\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Supply-Demand Gap Largest in Toronto &amp; Vancouver &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Toronto and Vancouver\u2019s real estate markets have responded to surging prices and a growing demand for homes with a supply of new housing that is \u201csignificantly weaker than other Canadian &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\\\/2018\\\/02\\\/supply-demand-gap-largest-in-toronto-vancouver\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/supply-demand-gap-largest-in-toronto-vancouver\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Supply-Demand Gap Largest in Toronto &#038; Vancouver\",\"datePublished\":\"2018-02-16T18:10:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/supply-demand-gap-largest-in-toronto-vancouver\\\/\"},\"wordCount\":356,\"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\\\/2018\\\/02\\\/supply-demand-gap-largest-in-toronto-vancouver\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/supply-demand-gap-largest-in-toronto-vancouver\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/supply-demand-gap-largest-in-toronto-vancouver\\\/\",\"name\":\"Supply-Demand Gap Largest in Toronto & Vancouver &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2018-02-16T18:10:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/supply-demand-gap-largest-in-toronto-vancouver\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/supply-demand-gap-largest-in-toronto-vancouver\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/supply-demand-gap-largest-in-toronto-vancouver\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Supply-Demand Gap Largest in Toronto &#038; Vancouver\"}]},{\"@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":"Supply-Demand Gap Largest in Toronto & Vancouver &#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\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/","twitter_card":"summary_large_image","twitter_title":"Supply-Demand Gap Largest in Toronto & Vancouver &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Toronto and Vancouver\u2019s real estate markets have responded to surging prices and a growing demand for homes with a supply of new housing that is \u201csignificantly weaker than other Canadian &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\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Supply-Demand Gap Largest in Toronto &#038; Vancouver","datePublished":"2018-02-16T18:10:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/"},"wordCount":356,"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\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/","url":"https:\/\/www.roryc.ca\/blog\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/","name":"Supply-Demand Gap Largest in Toronto & Vancouver &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2018-02-16T18:10:54+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2018\/02\/supply-demand-gap-largest-in-toronto-vancouver\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Supply-Demand Gap Largest in Toronto &#038; Vancouver"}]},{"@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\/8252","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=8252"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/8252\/revisions"}],"predecessor-version":[{"id":8253,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/8252\/revisions\/8253"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=8252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=8252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=8252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}