{"id":200,"date":"2016-07-25T21:15:41","date_gmt":"2016-07-25T21:15:41","guid":{"rendered":"https:\/\/www.realestateleads.ca\/blog\/?p=200"},"modified":"2016-07-25T21:23:38","modified_gmt":"2016-07-25T21:23:38","slug":"regional-home-prices-might-still-become-much-more-pricey-some-reports-show","status":"publish","type":"post","link":"https:\/\/www.realestateleads.ca\/blog\/regional-home-prices-might-still-become-much-more-pricey-some-reports-show\/","title":{"rendered":"Regional Home Prices Might Still Become Much More Pricey Some Reports Show"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><a href=\"https:\/\/www.realestateleads.ca\/blog\/wp-content\/uploads\/2016\/07\/Picture1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-201\" src=\"https:\/\/www.realestateleads.ca\/blog\/wp-content\/uploads\/2016\/07\/Picture1.jpg\" alt=\"Picture1\" width=\"532\" height=\"355\" srcset=\"https:\/\/www.realestateleads.ca\/blog\/wp-content\/uploads\/2016\/07\/Picture1.jpg 532w, https:\/\/www.realestateleads.ca\/blog\/wp-content\/uploads\/2016\/07\/Picture1-300x200.jpg 300w\" sizes=\"(max-width: 532px) 100vw, 532px\" \/><\/a><\/p>\n<p>Sales data as recently published by Canadian Real Estate Association (CREA ) { Summary: Home sales #\u2019s in Canada peaked in April 2016 and have slid down slightly for the past 2-months. }<\/p>\n<p>\u201cHome Affordability\u201d tops the list of concerns of the majority of young (and old) Canadian couples and families, especially areas on the southern oceanic coasts of the country.<\/p>\n<p>Yet this period of time might just be like riding a roller-coaster re-engaging in the 2nd chain for the remaining journey up.  A recent report from NBF, National Bank Financial, suggests that home affordability could further drop (similarly like a counterweight on an elevator.)<\/p>\n<p><a href=\"https:\/\/www.realestateleads.ca\/blog\/wp-content\/uploads\/2016\/07\/Picture2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-202\" src=\"https:\/\/www.realestateleads.ca\/blog\/wp-content\/uploads\/2016\/07\/Picture2.jpg\" alt=\"Picture2\" width=\"865\" height=\"623\" srcset=\"https:\/\/www.realestateleads.ca\/blog\/wp-content\/uploads\/2016\/07\/Picture2.jpg 865w, https:\/\/www.realestateleads.ca\/blog\/wp-content\/uploads\/2016\/07\/Picture2-300x216.jpg 300w\" sizes=\"(max-width: 865px) 100vw, 865px\" \/><\/a><\/p>\n<p>Data from www.numbeo.com (National Bank Financial) showing Canada\u2019s 3 largest cities compared to a baker\u2019s dozen other European, North American and the Asia-Pacific big cities. Canadian affordability levels are similar conditions being experienced in Australia.<\/p>\n<p>According to the above survey, it\u2019s still more affordable to afford a downtown Toronto or Vancouver condo than in: Tokyo, New York, Hong Kong, London, Rome, Paris, Stockholm Sweden, or Vienna Italy.<\/p>\n<p>At first glance the above chart seems to set the stage for further deterioration of home affordability in Vancouver &amp; Toronto.  However, other parts of Canada have created more of a balance in the big picture &#8211; with several provincial areas have seen home price decreases.<\/p>\n<p>Although there are greater hardships in other cities, on a global level, future price trends cannot be predicted from it.  Interest rates (near-zero and negative rates) have surely inflated the overall home price bubble. Thus, have created much more speculation and potential volatility in either direction in the market.<\/p>\n<p><a href=\"https:\/\/www.realestateleads.ca\/blog\/wp-content\/uploads\/2016\/07\/Picture3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-203\" src=\"https:\/\/www.realestateleads.ca\/blog\/wp-content\/uploads\/2016\/07\/Picture3.jpg\" alt=\"Picture3\" width=\"851\" height=\"622\" srcset=\"https:\/\/www.realestateleads.ca\/blog\/wp-content\/uploads\/2016\/07\/Picture3.jpg 851w, https:\/\/www.realestateleads.ca\/blog\/wp-content\/uploads\/2016\/07\/Picture3-300x219.jpg 300w\" sizes=\"(max-width: 851px) 100vw, 851px\" \/><\/a><\/p>\n<p>Housing inventory on the market are at 6-year lows in Toronto and Vancouver but sales are 5.1% higher this June 2016 than 1 year ago.  The average home price in Canada stood at $503,300 in June 2016, an 11.2% increase over the preceding year.<\/p>\n<p>However, most of that growth is concentrated in Toronto &amp; Vancouver.<\/p>\n<p>What is your personal prediction? <a href=\"https:\/\/www.realestateleads.ca\/contact\" target=\"_blank\">We\u2019d like to hear from you<\/a> about this article or any other questions or comments your may have.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales data as recently published by Canadian Real Estate Association (CREA ) { Summary: Home sales #\u2019s in Canada peaked in April 2016 and have slid down slightly for the past 2-months. } \u201cHome Affordability\u201d tops the list of concerns of the majority of young (and old) Canadian couples and families, especially areas on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-200","post","type-post","status-publish","format-standard","hentry","category-general-topics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - 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