{"id":8782,"date":"2018-04-16T10:10:30","date_gmt":"2018-04-16T17:10:30","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=8782"},"modified":"2018-04-10T12:20:12","modified_gmt":"2018-04-10T19:20:12","slug":"what-is-stopping-canadians-from-buying-a-home","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/04\/what-is-stopping-canadians-from-buying-a-home\/","title":{"rendered":"What is Stopping Canadians from Buying A Home?"},"content":{"rendered":"<p style=\"text-align: justify;\">The first quarter of 2018 saw a serious drop in national home sales, which has been largely attributed to a new mortgage stress test that came into effect on January 1. Just how much of an effect is the test having on would-be buyers? According to a new survey, quite a bit.<\/p>\n<p style=\"text-align: justify;\">\u201cCanadian homebuyers report being pinched by the stress test,\u201d reads a new report from RE\/MAX Ontario-Atlantic Canada, released today. \u201cAlmost one in three opted not to purchase altogether.\u201d<\/p>\n<p style=\"text-align: justify;\">That same survey found that four in 10 buyers have had to compromise on their home purchase since the test came into effect.<\/p>\n<p style=\"text-align: justify;\">\u201cIt is expected that government intervention and the stress test will continue to play a pivotal role in purchasing behaviour as we look to the months ahead,\u201d reads the report. \u201cOne quarter of buyers compromised on the size of their home, while 18 per cent made concessions on the location of their home.\u201d<\/p>\n<p style=\"text-align: justify;\">Still, it\u2019s not all bad news \u2014 55% of buyers surveyed said they felt they were able to purchase the type of home that suited their family\u2019s needs, up from last year\u2019s 46%.<\/p>\n<p style=\"text-align: justify;\">And the report predicts that sales will start to recover in the second half of 2018, as buyers start to adjust to the effects of the test.<\/p>\n<p style=\"text-align: justify;\">\u201cDespite all of the factors involved, the spring market across most of the country is forecasted to strengthen as we head into the warmer months,\u201d reads the report. \u201cSupply is still low in many markets, and while the prices may not reach the same levels as this time last year, we are expected to see continued healthy price appreciation from the earlier months of this year across many regions in the country.\u201d<\/p>\n<p style=\"text-align: justify;\">That prediction has been echoed by many other industry watchers, including RBC senior economist Robert Hogue, who believes that activity will pick up in the coming months.<\/p>\n<p style=\"text-align: justify;\">\u201cNew listings rose in February in both Toronto and Vancouver after declining markedly,\u201d he writes in a recent note. \u201cThis could be an early sign of a pick-up in buyer activity in the coming months.\u201d<\/p>\n<p><a href=\"http:\/\/news.buzzbuzzhome.com\/2018\/04\/1-3-canadians-say-factor-stopping-buying-home.html\" target=\"_blank\" rel=\"noopener\">1 In 3 Canadians Says This Factor is Stopping Them from Buying A Home<\/a> by Sarah Niedoba | Buzz Buzz Home<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first quarter of 2018 saw a serious drop in national home sales, which has been largely attributed to a new mortgage stress test that came into effect on January &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/04\/what-is-stopping-canadians-from-buying-a-home\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-8782","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is Stopping Canadians from Buying A Home? &#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\/04\/what-is-stopping-canadians-from-buying-a-home\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"What is Stopping Canadians from Buying A Home? &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The first quarter of 2018 saw a serious drop in national home sales, which has been largely attributed to a new mortgage stress test that came into effect on January &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\\\/04\\\/what-is-stopping-canadians-from-buying-a-home\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/what-is-stopping-canadians-from-buying-a-home\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"What is Stopping Canadians from Buying A Home?\",\"datePublished\":\"2018-04-16T17:10:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/what-is-stopping-canadians-from-buying-a-home\\\/\"},\"wordCount\":372,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/what-is-stopping-canadians-from-buying-a-home\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/what-is-stopping-canadians-from-buying-a-home\\\/\",\"name\":\"What is Stopping Canadians from Buying A Home? &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2018-04-16T17:10:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/what-is-stopping-canadians-from-buying-a-home\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/what-is-stopping-canadians-from-buying-a-home\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/04\\\/what-is-stopping-canadians-from-buying-a-home\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is Stopping Canadians from Buying A Home?\"}]},{\"@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":"What is Stopping Canadians from Buying A Home? &#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\/04\/what-is-stopping-canadians-from-buying-a-home\/","twitter_card":"summary_large_image","twitter_title":"What is Stopping Canadians from Buying A Home? &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"The first quarter of 2018 saw a serious drop in national home sales, which has been largely attributed to a new mortgage stress test that came into effect on January &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\/04\/what-is-stopping-canadians-from-buying-a-home\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/04\/what-is-stopping-canadians-from-buying-a-home\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"What is Stopping Canadians from Buying A Home?","datePublished":"2018-04-16T17:10:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/04\/what-is-stopping-canadians-from-buying-a-home\/"},"wordCount":372,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Market Updates"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2018\/04\/what-is-stopping-canadians-from-buying-a-home\/","url":"https:\/\/www.roryc.ca\/blog\/2018\/04\/what-is-stopping-canadians-from-buying-a-home\/","name":"What is Stopping Canadians from Buying A Home? &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2018-04-16T17:10:30+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/04\/what-is-stopping-canadians-from-buying-a-home\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2018\/04\/what-is-stopping-canadians-from-buying-a-home\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2018\/04\/what-is-stopping-canadians-from-buying-a-home\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"What is Stopping Canadians from Buying A Home?"}]},{"@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\/8782","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=8782"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/8782\/revisions"}],"predecessor-version":[{"id":8783,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/8782\/revisions\/8783"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=8782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=8782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=8782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}