{"id":2831,"date":"2025-01-08T05:00:33","date_gmt":"2025-01-08T05:00:33","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/2025\/01\/08\/canadas-housing-markets-see-a-mixed-finish-to-2024\/"},"modified":"2025-03-26T04:54:39","modified_gmt":"2025-03-26T04:54:39","slug":"canadas-housing-markets-see-a-mixed-finish-to-2024","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/local-real-estate-markets\/canadas-housing-markets-see-a-mixed-finish-to-2024\/","title":{"rendered":"Canada\u2019s housing markets see a mixed finish to 2024"},"content":{"rendered":"<p>The fall\u2019s strong market rally lost a lot of steam in some of Canada\u2019s major housing markets as resale transactions fell markedly in Calgary and Toronto between November and December, according to local real estate boards. <\/p>\n<p>The drop in Toronto rolled back all advances made since September. A slight uptick in five-year fixed mortgage rates (which are the lowest among all mortgage types and terms) may have caused some buyers to pause searching last month. <\/p>\n<p>However, the soft patch is far from broad-based. A recovery is still on track in Vancouver and the Fraser Valley. Transactions remain near all-time highs in Edmonton despite edging lower in December. And, sales momentum continues to build solidly in Montreal. <\/p>\n<p>We believe further interest rate cuts by the Bank of Canada will stimulate homebuyer demand in 2025\u2014keeping the rally going in most markets. But, strained affordability conditions and cuts to immigration will restrain the pace.<\/p>\n<p>2024 was a year of generally modest gains in property values. December was no different, with most major markets recording small annual MLS Housing Price Index increases. <\/p>\n<p>We expect measured appreciation trends to persist in 2025. Edmonton and Montreal\u2014possibly the hotter and tighter markets in Canada right now\u2014could see stronger price growth if supply stays short of demand. On the other hand, condo prices could edge lower in Toronto if the inventory of available units continues to mount.<\/p>\n<div id=\"everviz-EBNFWMPtD\" class=\"everviz-EBNFWMPtD\"><script src=\"https:\/\/app.everviz.com\/inject\/EBNFWMPtD\/?v=4\" defer=\"defer\"><\/script><\/div>\n<h2 class=\"title-text\">Toronto area: End-of-year thud<\/h2>\n<p>December marked a notable setback in Toronto\u2019s recovery journey. Home resales plunged 19% from November to a level not seen since August (on a seasonally-adjusted basis). <\/p>\n<p>The downswing in activity likely reflects affordability strains and a high degree of uncertainty that homebuyers face. Ownership costs in the area are among the steepest in the country and a 10-year high in the unemployment rate (ignoring the spike during the pandemic) may be seeding doubts about future job prospects. These factors are making many buyers hypersensitive to economic news.<\/p>\n<p>Tighter supply-demand conditions this fall have supported further price appreciation in December. Toronto\u2019s MLS HPI benchmark rose 0.4% from November to $1,094,000. It\u2019s now above the year-ago level for the first time since March 2024. The appreciation has occurred mainly in the single-detached home segment. Condo prices (down 3.7% from December 2023) continue to erode amid ample inventory. We see further downside in that category in the near term. <\/p>\n<div id=\"everviz-74bGWzuxS\" class=\"everviz-74bGWzuxS\"><script src=\"https:\/\/app.everviz.com\/inject\/74bGWzuxS\/?v=3\" defer=\"defer\"><\/script><\/div>\n<h2 class=\"title-text\">Montreal area: Market temperature rising<\/h2>\n<p>The recovery is almost complete as transactions are just 5% below where it was in the months preceding the pandemic in Montreal. At the time, the city was one of the hottest markets in Canada, as it is now.<\/p>\n<p>We estimate home resales rose for the fifth straight month in December\u2014up roughly 3% from November (seasonally adjusted). This occurred despite new listings lagging and the inventory of homes for sale shrinking again after rebuilding over the past two and a half years. <\/p>\n<p>Montreal is among the tighter markets in the country, which sustains solid property appreciation. Prices are up from a year ago in all areas of the greater city and housing categories. The increase in the median price for a single-family home jumped 8% for the entire census metropolitan area in December, while condo apartments gained 7%. We expect broad-based appreciation to continue into 2025\u2014possibly at an accelerating pace.  <\/p>\n<div id=\"everviz-Jgc2fe7F4\" class=\"everviz-Jgc2fe7F4\"><script src=\"https:\/\/app.everviz.com\/inject\/Jgc2fe7F4\/?v=3\" defer=\"defer\"><\/script><\/div>\n<h2 class=\"title-text\">Vancouver area: Taking a small detour<\/h2>\n<p>The Vancouver market is still on course to rebound from cyclical lows, though it took a small detour as 2024 drew to a close. By our count, seasonally-adjusted home resales dipped about 3% between November and December\u2014the first decline in four months. A sharper 8% fall in new listings may have forced some buyers to delay purchasing decisions.<\/p>\n<p>Rising prices could also be complicating matters. Vancouver\u2019s MLS HPI was up 0.4% from a year ago in December. While the increase was very slight, property appreciation impedes improvement in affordability. The cost of homeownership is a massive burden in Vancouver\u2014by far the heaviest in Canada. <\/p>\n<p>Lower expected interest rates will bring some relief in 2025, but it will leave many potential buyers wanting. For this reason, we think the market recovery will stay gradual and prices largely static overall with some divergences across housing categories. We see ample inventory weighing on the outlook for condo prices in the near term.  <\/p>\n<div id=\"everviz-LkgXo_Zvr\" class=\"everviz-LkgXo_Zvr\"><script src=\"https:\/\/app.everviz.com\/inject\/LkgXo_Zvr\/?v=3\" defer=\"defer\"><\/script><\/div>\n<h2 class=\"title-text\">Calgary: Soft ending to a vibrant 2024<\/h2>\n<p>Calgary closed out the year on a much softer note with estimated resales falling more than 10% from November to December (seasonally adjusted)\u2014the sharpest drop since October 2023. This followed steadily strong activity in the previous 18 months that positioned Calgary as one of the most vibrant markets in the country. <\/p>\n<p>A booming population and vigorous economy sustained tremendous demand for housing this year. A rise in inventory also gave buyers more options to choose from. <\/p>\n<p>A slower flow of new sellers entering the market lately may have contributed to the softness in December. It tightened supply-demand conditions.<\/p>\n<p>Still, price gains continued to moderate last month. The composite MLS HPI was up 3.2% from a year ago\u2014or less than a third of the increase in March. <\/p>\n<p>Growing inventories have helped reduce upward price pressures. Homebuilders have responded to strong demand with both housing starts and completions likely to set record highs in 2024.  <\/p>\n<div id=\"everviz-Qtl1Ay-Ok\" class=\"everviz-Qtl1Ay-Ok\"><script src=\"https:\/\/app.everviz.com\/inject\/Qtl1Ay-Ok\/?v=4\" defer=\"defer\"><\/script><\/div>\n<hr \/>\n<div class=\"rds-callout-white\" style=\"border: 1px solid #c4c8cc;\">\n<div class=\"rds-gcw\">\n<div class=\"img w-mob-100 download-img\" style=\"display: inline-block; vertical-align: top;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-58414\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/03\/Download-PDF-button-03-1.png\" alt=\"\" width=\"572\" height=\"362\" \/><\/div>\n<div class=\"rds-inline pad-hlf\" style=\"display: inline-block; vertical-align: top;\">\n<h4 class=\"mar-t\">Download the Report<\/h4>\n<p><a class=\"btn tertiary\" role=\"button\" href=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/4\/2024\/11\/Housing_Report_Jan2025.pdf\" target=\"_blank\" rel=\"noopener noreferrer\" data-dig-id=\"TNL_211020_1\" data-dig-category=\"TNL Economics\" data-dig-action=\"mid-funnel click\" data-dig-label=\"Ag Tech Report Final\">Download<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><!--\n<strong><em>A downloadable PDF of this report will be available shortly<\/em><\/strong>\n--><\/p>\n<hr \/>\n<p><em><strong>Robert Hogue<\/strong> is responsible for providing analysis and forecasts on the Canadian housing market and provincial economies. Robert holds a Master\u2019s degree in economics from Queen\u2019s University and a Bachelor\u2019s degree from Universit\u00e9 de Montr\u00e9al. He joined RBC in 2008.<\/em><\/p>\n<p><!--Everviz chart code--><br \/>\n<script src=\"https:\/\/code.highcharts.com\/11.4.8\/highcharts.js\"><\/script><br \/>\n<script src=\"https:\/\/code.highcharts.com\/11.4.8\/maps\/modules\/pattern-fill.js\"><\/script><\/p>\n<style class=\"advgb-styles-renderer\">h2.title-text{font-size: 2.8rem;font-weight: 400;line-height: 1.2;}.chart-title {font-weight: 500; color: #588886!important;text-align: center;line-height: 1.2;margin: 40px auto 5px auto;font-size: 25px;}.chart-subtitle{font-weight:500;text-align:center;color:#899299;font-size:18px;}.source-text {font-size: 14px;text-align: center;line-height: 1.2;}.download-img{width:275px;}<\/style>\n","protected":false},"excerpt":{"rendered":"<p>The fall\u2019s strong market rally lost a lot of steam in some of Canada\u2019s major housing markets as resale transactions fell markedly in Calgary and Toronto between November and December, according to local real estate boards.<\/p>\n","protected":false},"author":300,"featured_media":2829,"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":[83,38,88],"tags":[],"rbc_econ_content_type":[],"class_list":["post-2831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-analysis","category-canadian-housing","category-local-real-estate-markets"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Canada\u2019s housing markets see a mixed finish to 2024 - RBC Economics<\/title>\n<meta name=\"description\" content=\"The fall\u2019s strong market rally lost a lot of steam in some of Canada\u2019s major housing markets as resale transactions fell markedly in Calgary and Toronto between November and December, according to local real estate boards.\" \/>\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\/canadas-housing-markets-see-a-mixed-finish-to-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada\u2019s housing markets see a mixed finish to 2024\" \/>\n<meta property=\"og:description\" content=\"The fall\u2019s strong market rally lost a lot of steam in some of Canada\u2019s major housing markets as resale transactions fell markedly in Calgary and Toronto between November and December, according to local real estate boards.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Economics\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-08T05:00:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-26T04:54:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/DL-Blog-Image-Template-BLANK_Thumbnail-wide-5.png?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"1952\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Shiplu Talukder\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shiplu Talukder\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 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\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/\"},\"author\":{\"name\":\"Shiplu Talukder\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/b7c4a2210393781a5f2ddfb7843f4563\"},\"headline\":\"Canada\u2019s housing markets see a mixed finish to 2024\",\"datePublished\":\"2025-01-08T05:00:33+00:00\",\"dateModified\":\"2025-03-26T04:54:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/\"},\"wordCount\":915,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/DL-Blog-Image-Template-BLANK_Thumbnail-wide-5.png?quality=80\",\"articleSection\":[\"Canadian Analysis\",\"Canadian Housing\",\"Local Real Estate Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/\",\"name\":\"Canada\u2019s housing markets see a mixed finish to 2024 - RBC Economics\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/DL-Blog-Image-Template-BLANK_Thumbnail-wide-5.png?quality=80\",\"datePublished\":\"2025-01-08T05:00:33+00:00\",\"dateModified\":\"2025-03-26T04:54:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/b7c4a2210393781a5f2ddfb7843f4563\"},\"description\":\"The fall\u2019s strong market rally lost a lot of steam in some of Canada\u2019s major housing markets as resale transactions fell markedly in Calgary and Toronto between November and December, according to local real estate boards.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#primaryimage\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/DL-Blog-Image-Template-BLANK_Thumbnail-wide-5.png?quality=80\",\"contentUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/DL-Blog-Image-Template-BLANK_Thumbnail-wide-5.png?quality=80\",\"width\":1952,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rbc.com\/en\/economics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canada\u2019s housing markets see a mixed finish to 2024\"}]},{\"@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\/b7c4a2210393781a5f2ddfb7843f4563\",\"name\":\"Shiplu Talukder\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/fa94e79596270392553728c4c68156b055b4841cafb4c15693adb0c592ee6080?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fa94e79596270392553728c4c68156b055b4841cafb4c15693adb0c592ee6080?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fa94e79596270392553728c4c68156b055b4841cafb4c15693adb0c592ee6080?s=96&d=mm&r=g\",\"caption\":\"Shiplu Talukder\"},\"url\":\"https:\/\/www.rbc.com\/en\/economics\/author\/shiplutalukder\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Canada\u2019s housing markets see a mixed finish to 2024 - RBC Economics","description":"The fall\u2019s strong market rally lost a lot of steam in some of Canada\u2019s major housing markets as resale transactions fell markedly in Calgary and Toronto between November and December, according to local real estate boards.","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\/canadas-housing-markets-see-a-mixed-finish-to-2024\/","og_locale":"en_US","og_type":"article","og_title":"Canada\u2019s housing markets see a mixed finish to 2024","og_description":"The fall\u2019s strong market rally lost a lot of steam in some of Canada\u2019s major housing markets as resale transactions fell markedly in Calgary and Toronto between November and December, according to local real estate boards.","og_url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/","og_site_name":"RBC Economics","article_published_time":"2025-01-08T05:00:33+00:00","article_modified_time":"2025-03-26T04:54:39+00:00","og_image":[{"width":1952,"height":620,"url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/DL-Blog-Image-Template-BLANK_Thumbnail-wide-5.png?quality=80","type":"image\/png"}],"author":"Shiplu Talukder","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shiplu Talukder","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#article","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/"},"author":{"name":"Shiplu Talukder","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/b7c4a2210393781a5f2ddfb7843f4563"},"headline":"Canada\u2019s housing markets see a mixed finish to 2024","datePublished":"2025-01-08T05:00:33+00:00","dateModified":"2025-03-26T04:54:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/"},"wordCount":915,"commentCount":0,"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/DL-Blog-Image-Template-BLANK_Thumbnail-wide-5.png?quality=80","articleSection":["Canadian Analysis","Canadian Housing","Local Real Estate Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/","url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/","name":"Canada\u2019s housing markets see a mixed finish to 2024 - RBC Economics","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#primaryimage"},"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/DL-Blog-Image-Template-BLANK_Thumbnail-wide-5.png?quality=80","datePublished":"2025-01-08T05:00:33+00:00","dateModified":"2025-03-26T04:54:39+00:00","author":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/b7c4a2210393781a5f2ddfb7843f4563"},"description":"The fall\u2019s strong market rally lost a lot of steam in some of Canada\u2019s major housing markets as resale transactions fell markedly in Calgary and Toronto between November and December, according to local real estate boards.","breadcrumb":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#primaryimage","url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/DL-Blog-Image-Template-BLANK_Thumbnail-wide-5.png?quality=80","contentUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/DL-Blog-Image-Template-BLANK_Thumbnail-wide-5.png?quality=80","width":1952,"height":620},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/canadian-housing\/canadas-housing-markets-see-a-mixed-finish-to-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbc.com\/en\/economics\/"},{"@type":"ListItem","position":2,"name":"Canada\u2019s housing markets see a mixed finish to 2024"}]},{"@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\/b7c4a2210393781a5f2ddfb7843f4563","name":"Shiplu Talukder","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/fa94e79596270392553728c4c68156b055b4841cafb4c15693adb0c592ee6080?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/fa94e79596270392553728c4c68156b055b4841cafb4c15693adb0c592ee6080?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fa94e79596270392553728c4c68156b055b4841cafb4c15693adb0c592ee6080?s=96&d=mm&r=g","caption":"Shiplu Talukder"},"url":"https:\/\/www.rbc.com\/en\/economics\/author\/shiplutalukder\/"}]}},"author_meta":{"display_name":"Shiplu Talukder","author_link":"https:\/\/www.rbc.com\/en\/economics\/author\/shiplutalukder\/"},"featured_img":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/DL-Blog-Image-Template-BLANK_Thumbnail-wide-5.png?quality=80&w=300","jetpack_featured_media_url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/DL-Blog-Image-Template-BLANK_Thumbnail-wide-5.png?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\/local-real-estate-markets\/\" class=\"advgb-post-tax-term\">Local Real Estate Markets<\/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\">Local Real Estate Markets<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 1 year ago","modified":"Updated 1 year ago"},"absolute_dates":{"created":"Posted on January 8, 2025","modified":"Updated on March 26, 2025"},"absolute_dates_time":{"created":"Posted on January 8, 2025 5:00 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\/2831","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\/300"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/comments?post=2831"}],"version-history":[{"count":0,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/2831\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media\/2829"}],"wp:attachment":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media?parent=2831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/categories?post=2831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/tags?post=2831"},{"taxonomy":"rbc_econ_content_type","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/rbc_econ_content_type?post=2831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}