{"id":9201,"date":"2018-05-29T11:11:20","date_gmt":"2018-05-29T18:11:20","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=9201"},"modified":"2018-05-22T08:05:28","modified_gmt":"2018-05-22T15:05:28","slug":"canadian-sellers-are-unimpressed-with-the-spring-housing-market","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/05\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\/","title":{"rendered":"Canadian Sellers Are &#8220;Unimpressed&#8221; with the Spring Housing Market"},"content":{"rendered":"<p style=\"text-align: justify;\">Spring is typically home-selling season in Canada. As soon as the snow melts, the market is virtually guaranteed to see a surge in new listings. But April seems to have bucked the seasonal trend \u2014 national listings were down 4.8% month-over-month, as sellers chose to avoid a cooler market.<\/p>\n<p style=\"text-align: justify;\">\u201cNotably, the sag in April sales was accompanied by an even bigger pullback in new listings, in a sign that potential sellers are unimpressed with the prices on offer,\u201d writes BMO chief economist, Douglas Porter, in a recent note.<\/p>\n<p style=\"text-align: justify;\">National home prices have been cooling every since Ontario introduced a foreign buyers tax in April, taking an especially deep plunge in January, after the introduction of a new mortgage stress test.<\/p>\n<p style=\"text-align: justify;\">According to Porter, sellers are likely waiting for the market to warm up slightly before putting their home on the market. But he\u2019s also quick to note that low sales numbers have kept the market balanced.<\/p>\n<p style=\"text-align: justify;\">\u201cNew listings have dropped by less than sales over the past year, loosening the market significantly \u2014 especially in Toronto and surrounding cities,\u201d he writes.<\/p>\n<p style=\"text-align: justify;\">The current sales-to-new-listings ratio sits at what Porter calls a \u201cmiddle-of-the-road\u201d 53.7%. A ratio of between 40 to 60 is considered balanced, with readings above and below indicating sellers and buyers markets, respectively.<\/p>\n<p style=\"text-align: justify;\">Not every market was balanced last month \u2014 some seem to be taking awhile to adjust to the new mortgage rules.<\/p>\n<p style=\"text-align: justify;\">\u201cThere is a huge spread from top to bottom, with Calgary, Saskatoon and Newfoundland all reporting ratios below 40%,\u201d writes Porter.<\/p>\n<p style=\"text-align: justify;\">Overall, he believes that the dip in listings could very well continue next month.<\/p>\n<p style=\"text-align: justify;\">\u201cOn balance, the results are a bit softer than expected and suggest that the market overall is still adapting to new regulations and higher rates,\u201d he writes. \u201cWith longer-term bond yields still grinding higher yet, don\u2019t look for a quick turn in the market anytime soon.\u201d<\/p>\n<p><a href=\"http:\/\/news.buzzbuzzhome.com\/2018\/05\/canadian-sellers-unimpressed-housing-market-bmo.html\" target=\"_blank\" rel=\"noopener\">BMO : Canadian Sellers Are &#8220;Unimpressed&#8221; with the Housing Market<\/a> by Buzz Buzz Home<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spring is typically home-selling season in Canada. As soon as the snow melts, the market is virtually guaranteed to see a surge in new listings. But April seems to have &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/05\/canadian-sellers-are-unimpressed-with-the-spring-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":[13],"tags":[],"class_list":["post-9201","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canadian Sellers Are &quot;Unimpressed&quot; with the Spring 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\/2018\/05\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Canadian Sellers Are &quot;Unimpressed&quot; with the Spring Housing Market &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Spring is typically home-selling season in Canada. As soon as the snow melts, the market is virtually guaranteed to see a surge in new listings. But April seems to have &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\\\/05\\\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/05\\\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Canadian Sellers Are &#8220;Unimpressed&#8221; with the Spring Housing Market\",\"datePublished\":\"2018-05-29T18:11:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/05\\\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\\\/\"},\"wordCount\":332,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/05\\\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/05\\\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/05\\\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\\\/\",\"name\":\"Canadian Sellers Are \\\"Unimpressed\\\" with the Spring Housing Market &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2018-05-29T18:11:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/05\\\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/05\\\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/05\\\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canadian Sellers Are &#8220;Unimpressed&#8221; with the Spring 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":"Canadian Sellers Are \"Unimpressed\" with the Spring 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\/2018\/05\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\/","twitter_card":"summary_large_image","twitter_title":"Canadian Sellers Are \"Unimpressed\" with the Spring Housing Market &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Spring is typically home-selling season in Canada. As soon as the snow melts, the market is virtually guaranteed to see a surge in new listings. But April seems to have &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\/05\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/05\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Canadian Sellers Are &#8220;Unimpressed&#8221; with the Spring Housing Market","datePublished":"2018-05-29T18:11:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/05\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\/"},"wordCount":332,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Real Estate"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2018\/05\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2018\/05\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\/","url":"https:\/\/www.roryc.ca\/blog\/2018\/05\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\/","name":"Canadian Sellers Are \"Unimpressed\" with the Spring Housing Market &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2018-05-29T18:11:20+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/05\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2018\/05\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2018\/05\/canadian-sellers-are-unimpressed-with-the-spring-housing-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Canadian Sellers Are &#8220;Unimpressed&#8221; with the Spring 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\/9201","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=9201"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/9201\/revisions"}],"predecessor-version":[{"id":9202,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/9201\/revisions\/9202"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=9201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=9201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=9201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}