{"id":1687,"date":"2022-07-25T04:09:44","date_gmt":"2022-07-25T04:09:44","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/2022\/07\/25\/canadian-housing-a-market-in-retreat\/"},"modified":"2022-07-25T04:09:44","modified_gmt":"2022-07-25T04:09:44","slug":"canadian-housing-a-market-in-retreat","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/special-housing-reports\/canadian-housing-a-market-in-retreat\/","title":{"rendered":"Canadian Housing: <\/b>A Market In Retreat"},"content":{"rendered":"

On this episode of The Real Pulse<\/b><\/em>, Robert Hogue, RBC\u2019s Assistant Chief Economist, sits down with Nurit Altman, Managing Director, RBC Capital Markets Real Estate Group, to discuss how higher interest rates are expected to trigger a 12-13% price decline nationally over the next year, with some markets witnessing an even more significant correction.<\/p>\n

Listen Now<\/strong><\/a><\/p>\n

In this episode:<\/p>\n

The Canadian housing market\u2019s pandemic price rally is finally in retreat. Policymakers\u2019 focus on addressing supply-side challenges has also raised the prospect of improved affordability over the longer term in some markets. But renters can expect to see prices drive higher, as many disappointed would-be homeowners\u2019 bide their time and pile into the already tight rental market.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Canadian housing market\u2019s pandemic price rally is finally in retreat.<\/p>\n","protected":false},"author":265,"featured_media":1685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[83,38,39],"tags":[11,17],"rbc_econ_content_type":[],"class_list":["post-1687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-analysis","category-canadian-housing","category-special-housing-reports","tag-economy","tag-housing"],"acf":[],"yoast_head":"\nCanadian Housing: A Market In Retreat - RBC Economics<\/title>\n<meta name=\"description\" content=\"The Canadian housing market\u2019s pandemic price rally is finally in retreat. - RBC Economics\" \/>\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.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Housing: A Market In Retreat\" \/>\n<meta property=\"og:description\" content=\"The Canadian housing market\u2019s pandemic price rally is finally in retreat. - RBC Economics\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Economics\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-25T04:09:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Robert-Econ_Banner-wide-scaled-1.jpg?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1236\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Robert Hogue\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robert Hogue\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/\"},\"author\":{\"name\":\"Robert Hogue\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/#\\\/schema\\\/person\\\/e6e0ef1a11cb313ad00f17bd5cca916d\"},\"headline\":\"Canadian Housing: A Market In Retreat\",\"datePublished\":\"2022-07-25T04:09:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/\"},\"wordCount\":124,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/\\\/2025\\\/03\\\/Robert-Econ_Banner-wide-scaled-1.jpg?quality=80\",\"keywords\":[\"Economy\",\"Housing\"],\"articleSection\":[\"Canadian Analysis\",\"Canadian Housing\",\"Special Housing Reports\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/\",\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/\",\"name\":\"Canadian Housing: A Market In Retreat - RBC Economics\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/\\\/2025\\\/03\\\/Robert-Econ_Banner-wide-scaled-1.jpg?quality=80\",\"datePublished\":\"2022-07-25T04:09:44+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/#\\\/schema\\\/person\\\/e6e0ef1a11cb313ad00f17bd5cca916d\"},\"description\":\"The Canadian housing market\u2019s pandemic price rally is finally in retreat. - RBC Economics\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/\\\/2025\\\/03\\\/Robert-Econ_Banner-wide-scaled-1.jpg?quality=80\",\"contentUrl\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/\\\/2025\\\/03\\\/Robert-Econ_Banner-wide-scaled-1.jpg?quality=80\",\"width\":2560,\"height\":1236},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/canadian-housing\\\/canadian-housing-a-market-in-retreat\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canadian Housing: A Market In Retreat\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/#website\",\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/\",\"name\":\"RBC Economics\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/#\\\/schema\\\/person\\\/e6e0ef1a11cb313ad00f17bd5cca916d\",\"name\":\"Robert Hogue\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79e3d54e2eda3d613e8a2567ce53732ce37a3e2618ea991983962f8e314a6efd?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79e3d54e2eda3d613e8a2567ce53732ce37a3e2618ea991983962f8e314a6efd?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79e3d54e2eda3d613e8a2567ce53732ce37a3e2618ea991983962f8e314a6efd?s=96&d=mm&r=g\",\"caption\":\"Robert Hogue\"},\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/author\\\/roberth\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Canadian Housing: A Market In Retreat - RBC Economics","description":"The Canadian housing market\u2019s pandemic price rally is finally in retreat. - RBC Economics","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.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/","og_locale":"en_US","og_type":"article","og_title":"Canadian Housing: A Market In Retreat","og_description":"The Canadian housing market\u2019s pandemic price rally is finally in retreat. - RBC Economics","og_url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/","og_site_name":"RBC Economics","article_published_time":"2022-07-25T04:09:44+00:00","og_image":[{"width":2560,"height":1236,"url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Robert-Econ_Banner-wide-scaled-1.jpg?quality=80","type":"image\/jpeg"}],"author":"Robert Hogue","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Robert Hogue","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/#article","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/"},"author":{"name":"Robert Hogue","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d"},"headline":"Canadian Housing: A Market In Retreat","datePublished":"2022-07-25T04:09:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/"},"wordCount":124,"commentCount":0,"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Robert-Econ_Banner-wide-scaled-1.jpg?quality=80","keywords":["Economy","Housing"],"articleSection":["Canadian Analysis","Canadian Housing","Special Housing Reports"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/","url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/","name":"Canadian Housing: A Market In Retreat - RBC Economics","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/#primaryimage"},"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Robert-Econ_Banner-wide-scaled-1.jpg?quality=80","datePublished":"2022-07-25T04:09:44+00:00","author":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d"},"description":"The Canadian housing market\u2019s pandemic price rally is finally in retreat. - RBC Economics","breadcrumb":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/#primaryimage","url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Robert-Econ_Banner-wide-scaled-1.jpg?quality=80","contentUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Robert-Econ_Banner-wide-scaled-1.jpg?quality=80","width":2560,"height":1236},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadian-housing-a-market-in-retreat\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbc.com\/en\/economics\/"},{"@type":"ListItem","position":2,"name":"Canadian Housing: A Market In Retreat"}]},{"@type":"WebSite","@id":"https:\/\/www.rbc.com\/en\/economics\/#website","url":"https:\/\/www.rbc.com\/en\/economics\/","name":"RBC Economics","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbc.com\/en\/economics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d","name":"Robert Hogue","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79e3d54e2eda3d613e8a2567ce53732ce37a3e2618ea991983962f8e314a6efd?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79e3d54e2eda3d613e8a2567ce53732ce37a3e2618ea991983962f8e314a6efd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79e3d54e2eda3d613e8a2567ce53732ce37a3e2618ea991983962f8e314a6efd?s=96&d=mm&r=g","caption":"Robert Hogue"},"url":"https:\/\/www.rbc.com\/en\/economics\/author\/roberth\/"}]}},"author_meta":{"display_name":"Robert Hogue","author_link":"https:\/\/www.rbc.com\/en\/economics\/author\/roberth\/"},"featured_img":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Robert-Econ_Banner-wide-scaled-1.jpg?quality=80&w=300","jetpack_featured_media_url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Robert-Econ_Banner-wide-scaled-1.jpg?quality=80","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/\" class=\"advgb-post-tax-term\">Canadian Analysis<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/canadian-housing\/\" class=\"advgb-post-tax-term\">Canadian Housing<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/canadian-housing\/special-housing-reports\/\" class=\"advgb-post-tax-term\">Special Housing Reports<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Canadian Analysis<\/span>","<span class=\"advgb-post-tax-term\">Canadian Housing<\/span>","<span class=\"advgb-post-tax-term\">Special Housing Reports<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/canadian-housing\/special-housing-reports\/\" class=\"advgb-post-tax-term\">Economy<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/canadian-housing\/special-housing-reports\/\" class=\"advgb-post-tax-term\">Housing<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Economy<\/span>","<span class=\"advgb-post-tax-term\">Housing<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 4 years ago","modified":"Updated 4 years ago"},"absolute_dates":{"created":"Posted on July 25, 2022","modified":"Updated on July 25, 2022"},"absolute_dates_time":{"created":"Posted on July 25, 2022 4:09 am","modified":"Updated on July 25, 2022 4:09 am"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/1687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/users\/265"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/comments?post=1687"}],"version-history":[{"count":0,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/1687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media\/1685"}],"wp:attachment":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media?parent=1687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/categories?post=1687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/tags?post=1687"},{"taxonomy":"rbc_econ_content_type","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/rbc_econ_content_type?post=1687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}