{"id":1805,"date":"2022-10-14T04:24:17","date_gmt":"2022-10-14T04:24:17","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/2022\/10\/14\/housing-market-correction-spreads-widely-across-canada\/"},"modified":"2025-03-26T04:54:43","modified_gmt":"2025-03-26T04:54:43","slug":"housing-market-correction-spreads-widely-across-canada","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/monthly-housing-market-update\/housing-market-correction-spreads-widely-across-canada\/","title":{"rendered":"Housing market correction spreads widely across Canada"},"content":{"rendered":"<p>Canada\u2019s housing market\u2019s downturn has longer to run. September data gave few indications the bottom is near. Both activity and prices continued to trend lower in the vast majority of local markets. Demand-supply conditions generally eased some more. And with further interest rate hikes likely on the way in the coming months, we expect more of the same in the period ahead across the country. That said, activity in Ontario and British Columbia may be closer to stabilizing (though not so much for prices due to persisting affordability issues). <\/p>\n<h4>Home resales keep sliding&#8230;<\/h4>\n<p>September marked the seventh-straight monthly decline in home resales in Canada (down 3.9%). This puts the correction at -36% since February. While Prince Edward Island (-10.8%), Nova Scotia (-8.1%) and Manitoba (-6.6%) saw the largest drop last month, it\u2019s been British Columbia (-47%), Ontario (-41%) and Alberta (-41%) that fell the most in the past seven months. Activity is now below pre-pandemic levels in all provinces except Alberta, Saskatchewan, and Newfoundland and Labrador. Home resales in Canada (at 419,900 units on a seasonally adjusted and annualized basis) are the softest in a decade and likely to stay that way for a while longer. <\/p>\n<div id=\"everviz-bYTki8tVb\" class=\"everviz-bYTki8tVb\"><script src=\"https:\/\/app.everviz.com\/inject\/bYTki8tVb\/?v=2\" defer=\"defer\"><\/script><\/div>\n<h4>&#8230;and so are prices<\/h4>\n<p>Property values similarly have declined in each of the last seven months nationwide and in most of Ontario (including Toronto), and the past six months in key BC markets (including Vancouver). Canada\u2019s composite MLS Home Price Index fell 1.4% m\/m in September, and is now down 8.8% since the February peak. Leading the price correction have been smaller markets in Ontario that saw tremendous appreciation earlier during the pandemic: Cambridge (-20%), Kitchener-Waterloo (-18%), Brantford (-16%), London (-16%) and Hamilton (-16%). Chilliwack (-13%) and the Fraser Valley (-11%) in British Columbia also recorded outsized declines since the peak. <\/p>\n<div id=\"everviz-2U72ny_Uc\" class=\"everviz-2U72ny_Uc\"><script src=\"https:\/\/app.everviz.com\/inject\/2U72ny_Uc\/?v=3\" defer=\"defer\"><\/script><\/div>\n<h4>Larger markets under heavy unaffordability pressure<\/h4>\n<p>Prices in larger markets are down significantly too\u2014just not quite as much. Toronto\u2019s MLS HPI has declined 9.2% (or $118,000) since February, including a 1% drop last month. The correction now ranks as the second largest in the area since the inception of the index in 2000, and is rapidly closing in on the downturn that took place in 2017-2019 (-10.9%). Vancouver\u2019s index is off 5.7% (or $71,000) since March. We think it has much further to go given the intense unaffordability pressures currently in place. Our latest <a href=\"https:\/\/thoughtleadership.rbc.com\/buying-a-home-has-never-been-so-unaffordable-in-canada\/\">Housing Trends and Affordability<\/a> report noted Vancouver buyers face the highest ever ownership costs anywhere in the country. Falling prices are a more recent phenomenon in Montreal where the MLS HPI crested in May. The correction is picking up steam, though. September saw the biggest drop (-1.7% m\/m) so far, deepening the downturn to -4.7% (or -$25,600). <\/p>\n<div id=\"everviz-mD9Rm7BpF\" class=\"everviz-mD9Rm7BpF\"><script src=\"https:\/\/app.everviz.com\/inject\/mD9Rm7BpF\/?v=3\" defer=\"defer\"><\/script><\/div>\n<h4>Softness reaching Atlantic Canada<\/h4>\n<p>After holding firm through late spring-early summer, property values are now coming down in much of Atlantic Canada. Halifax to date has seen the sharpest price correction in the region with its MLS HPI falling 6.8% over the past five months. Saint John isn\u2019t far behind, recording a 6.4% drop over three months. Fredericton (-2.6%), Moncton (-2.0%), and for the first time last month, Prince Edward Island are also past their peak prices. St. John\u2019s remains one of the few markets bucking the broad softening trend but this may not be for much longer as demand-supply conditions are easing.<\/p>\n<h4>Prairies a pocket of resilience<\/h4>\n<p>The erosion of prices is modest in many Prairie markets. This reflects stronger provincial economies, the resumption of in-migration  and relatively affordable properties. Regina\u2019s MLS HPI is off just 1.6% since its April peak. Saskatoon\u2019s index fell 0.6% in September for the first time this year. Calgary\u2019s index even edged higher by 0.3% last month after levelling off through the spring and summer. Edmonton (down 5.3% since peak) and Winnipeg (down 6.0%) were two markets that had similar trends than the rest of the country. Winnipeg had seen some of the larger price increases of the Prairie region earlier in the pandemic.<\/p>\n<h4>Quiet period to persist<\/h4>\n<p>We expect home resale activity to stay quiet in the coming months from coast to coast. The sharp interest rate increases to date and likelihood of additional hikes in the coming months\u2014we anticipate the Bank of Canada will take its policy rate deeper into restrictive territory to 4% by December\u2014will continue to hold back buyers. We see this depressing demand further though some markets may have more limited room to fall. We think resales have plummeted to such low levels in many BC and Ontario that they will soon reach a floor. <\/p>\n<h4>Prices to trend down until the spring<\/h4>\n<p>Rising rates will intensify affordability issues in the near term and sustain heavy downward pressure on home prices. We expect benchmark prices will fall approximately 14% nationwide by next spring from the recent peak, with steeper declines (-16%) in Ontario and British Columbia, and milder corrections in Alberta and Saskatchewan (-4%). <\/p>\n<hr>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/03\/housing-1014.jpg\" alt=\"\" width=\"854\" height=\"308\" class=\"alignnone size-full wp-image-40538\" \/><\/p>\n<hr>\n<div class=\"rds-callout-white\" style=\"border: 1px solid #c4c8cc;\">\n<div class=\"rds-gcw\">\n<div style=\"display:inline-block; vertical-align: top;\" class=\"img w-mob-100\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/03\/econ-download-1.png\" alt=\"\" width=\"261\" height=\"177\" class=\"alignnone size-full wp-image-30186\" \/><\/div>\n<div class=\"rds-inline pad-hlf\" style=\"display:inline-block; vertical-align: top;\">\n<h4 class=\"mar-t\">See PDF with complete charts<\/h4>\n<p><a class=\"btn tertiary\" role=\"button\" href=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/4\/2024\/11\/housespecial-sep22.pdf\" target=\"_blank\" rel=\"noopener noreferrer\" data-dig-id=\"TNL_211115\" data-dig-category=\"TNL Economics\" data-dig-action=\"mid-funnel click\" data-dig-label=\"Monthly Housing May 2022\">Download<\/a>\n<\/div>\n<\/div>\n<\/div>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>September marked the seventh-straight monthly decline in home resales in Canada (down 3.9%).<\/p>\n","protected":false},"author":265,"featured_media":1803,"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":[83,38,50],"tags":[11,17],"class_list":["post-1805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-analysis","category-canadian-housing","category-monthly-housing-market-update","tag-economy","tag-housing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.7 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Housing market correction spreads widely across Canada - RBC Economics<\/title>\n<meta name=\"description\" content=\"September marked the seventh-straight monthly decline in home resales in Canada (down 3.9%). - 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\/housing-market-correction-spreads-widely-across-canada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Housing market correction spreads widely across Canada\" \/>\n<meta property=\"og:description\" content=\"September marked the seventh-straight monthly decline in home resales in Canada (down 3.9%). - RBC Economics\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Economics\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-14T04:24:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-26T04:54:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide5-7-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=\"4 minutes\" \/>\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\/housing-market-correction-spreads-widely-across-canada\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/\"},\"author\":{\"name\":\"Robert Hogue\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d\"},\"headline\":\"Housing market correction spreads widely across Canada\",\"datePublished\":\"2022-10-14T04:24:17+00:00\",\"dateModified\":\"2025-03-26T04:54:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/\"},\"wordCount\":822,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide5-7-scaled-1.jpg?quality=80\",\"keywords\":[\"Economy\",\"Housing\"],\"articleSection\":[\"Canadian Analysis\",\"Canadian Housing\",\"Monthly Housing Market Update\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/\",\"name\":\"Housing market correction spreads widely across Canada - RBC Economics\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide5-7-scaled-1.jpg?quality=80\",\"datePublished\":\"2022-10-14T04:24:17+00:00\",\"dateModified\":\"2025-03-26T04:54:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d\"},\"description\":\"September marked the seventh-straight monthly decline in home resales in Canada (down 3.9%). - RBC Economics\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#primaryimage\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide5-7-scaled-1.jpg?quality=80\",\"contentUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide5-7-scaled-1.jpg?quality=80\",\"width\":2560,\"height\":1236},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rbc.com\/en\/economics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Housing market correction spreads widely across Canada\"}]},{\"@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:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/image\/\",\"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":"Housing market correction spreads widely across Canada - RBC Economics","description":"September marked the seventh-straight monthly decline in home resales in Canada (down 3.9%). - 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\/housing-market-correction-spreads-widely-across-canada\/","og_locale":"en_US","og_type":"article","og_title":"Housing market correction spreads widely across Canada","og_description":"September marked the seventh-straight monthly decline in home resales in Canada (down 3.9%). - RBC Economics","og_url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/","og_site_name":"RBC Economics","article_published_time":"2022-10-14T04:24:17+00:00","article_modified_time":"2025-03-26T04:54:43+00:00","og_image":[{"width":2560,"height":1236,"url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide5-7-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":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#article","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/"},"author":{"name":"Robert Hogue","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d"},"headline":"Housing market correction spreads widely across Canada","datePublished":"2022-10-14T04:24:17+00:00","dateModified":"2025-03-26T04:54:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/"},"wordCount":822,"commentCount":0,"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide5-7-scaled-1.jpg?quality=80","keywords":["Economy","Housing"],"articleSection":["Canadian Analysis","Canadian Housing","Monthly Housing Market Update"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/","url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/","name":"Housing market correction spreads widely across Canada - RBC Economics","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#primaryimage"},"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide5-7-scaled-1.jpg?quality=80","datePublished":"2022-10-14T04:24:17+00:00","dateModified":"2025-03-26T04:54:43+00:00","author":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/e6e0ef1a11cb313ad00f17bd5cca916d"},"description":"September marked the seventh-straight monthly decline in home resales in Canada (down 3.9%). - RBC Economics","breadcrumb":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#primaryimage","url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide5-7-scaled-1.jpg?quality=80","contentUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide5-7-scaled-1.jpg?quality=80","width":2560,"height":1236},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/housing-market-correction-spreads-widely-across-canada\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbc.com\/en\/economics\/"},{"@type":"ListItem","position":2,"name":"Housing market correction spreads widely across Canada"}]},{"@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:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/image\/","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\/Banner-wide5-7-scaled-1.jpg?quality=80&w=300","jetpack_featured_media_url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide5-7-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\/monthly-housing-market-update\/\" class=\"advgb-post-tax-term\">Monthly Housing Market Update<\/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\">Monthly Housing Market Update<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/canadian-housing\/monthly-housing-market-update\/\" class=\"advgb-post-tax-term\">Economy<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/canadian-housing\/monthly-housing-market-update\/\" 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 3 years ago","modified":"Updated 1 year ago"},"absolute_dates":{"created":"Posted on October 14, 2022","modified":"Updated on March 26, 2025"},"absolute_dates_time":{"created":"Posted on October 14, 2022 4:24 am","modified":"Updated on March 26, 2025 4:54 am"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/1805","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=1805"}],"version-history":[{"count":0,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/1805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media\/1803"}],"wp:attachment":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media?parent=1805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/categories?post=1805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/tags?post=1805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}