{"id":23657,"date":"2023-09-01T06:00:00","date_gmt":"2023-09-01T10:00:00","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=23657"},"modified":"2023-08-31T16:25:02","modified_gmt":"2023-08-31T20:25:02","slug":"real-estate-month-in-review-august-2023-canada","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/real-estate-month-in-review-august-2023-canada\/","title":{"rendered":"Canadian Real Estate Month in Review: August 2023 &#8211; Housing Market Insights and Home Affordability"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Affordability continues to be one of the hottest topics in Canadian real estate right now, with many buyers seeking the best markets to start their home search in. From data-driven insights on the best places to buy to an in-depth look at how home buying has changed in the last decade, check out our top stories for August:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Here\u2019s What Canadians Earning the Median Income Can Afford to Buy Across Canada<\/h3>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/www.zoocasa.com\/blog\/median-income-affordability-july-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"338\" src=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa_Heres_What_Canadians_Earning_the_Median_Income_Can_Afford_to_Buy_Across_Canada_Hero.webp\" alt=\"A traditional grey siding house.\" class=\"wp-image-23257 size-full\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa_Heres_What_Canadians_Earning_the_Median_Income_Can_Afford_to_Buy_Across_Canada_Hero.webp 600w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa_Heres_What_Canadians_Earning_the_Median_Income_Can_Afford_to_Buy_Across_Canada_Hero-300x169.webp 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"wp-block-paragraph\">Housing prices are steadying across Canada after rising nearly 8% throughout the year. We analyzed data for 17 major markets across Canada to see if you could afford a home earning the median income in each of those cities. <strong> <a href=\"https:\/\/www.zoocasa.com\/blog\/median-income-affordability-july-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">Continue reading &gt;&gt;<\/a><\/strong><\/p>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Enjoying our content? Subscribe to our free&nbsp;<\/em><\/strong><a href=\"http:\/\/zoocasa.com\/newsletter\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><em>weekly newsletter<\/em><\/strong><\/a><strong><em>&nbsp;to get real estate market insights, news, and reports straight to your inbox.<\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Get Wifi and Wanderlust: Top Destinations for Digital Nomads in North America<\/h3>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/www.zoocasa.com\/blog\/top-destinations-digital-nomads-north-america\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"338\" src=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa-Get-Wifi-and-Wanderlust-Top-Destinations-for-Digital-Nomads-in-North-America-Hero_1-1.webp\" alt=\"A man works on his laptop next to the ocean\" class=\"wp-image-23329 size-full\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa-Get-Wifi-and-Wanderlust-Top-Destinations-for-Digital-Nomads-in-North-America-Hero_1-1.webp 600w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa-Get-Wifi-and-Wanderlust-Top-Destinations-for-Digital-Nomads-in-North-America-Hero_1-1-300x169.webp 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"wp-block-paragraph\">Whether you&#8217;re a remote worker, or just looking for somewhere new, we&#8217;ve got you covered. Take a look at the top destinations across North America for digital nomads for tech savvies, based on affordability, the internet and the tech scene. <a href=\"https:\/\/www.zoocasa.com\/blog\/top-destinations-digital-nomads-north-america\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Continue reading >><\/strong><\/a><\/p>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Surprising Similarities: Buying a Home Today vs. 10 Years Ago<\/h3>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/www.zoocasa.com\/blog\/buying-a-home-today-vs-ten-years-ago\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"338\" src=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa-Surprising-Similarities-Buying-a-Home-Today-vs.-10-Years-Ago-Hero-1.webp\" alt=\"Two hands give a small house and keys to another pair of hands\" class=\"wp-image-23364 size-full\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa-Surprising-Similarities-Buying-a-Home-Today-vs.-10-Years-Ago-Hero-1.webp 600w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa-Surprising-Similarities-Buying-a-Home-Today-vs.-10-Years-Ago-Hero-1-300x169.webp 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"wp-block-paragraph\">Home prices have changed dramatically in the last ten years, but that doesn&#8217;t mean market trends have changed completely. We compared the Canadian real estate market from now to how it was a decade ago to get an idea of what&#8217;s different and where the surprising similarities lie. <strong><a href=\"https:\/\/www.zoocasa.com\/blog\/buying-a-home-today-vs-ten-years-ago\/\" target=\"_blank\" rel=\"noreferrer noopener\">Continue reading &gt;&gt;<\/a><\/strong><\/p>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Discover Affordable Toronto Condo Options: Where to Buy Below Average Prices<\/h3>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/www.zoocasa.com\/blog\/toronto-condos-less-than-average-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"338\" src=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa_Discover_Affordable_Toronto_Condo_Options_Where_to_Buy_Below_Average_Prices_Hero.webp\" alt=\"A building as seen from the ground in downtown Toronto.\" class=\"wp-image-23385 size-full\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa_Discover_Affordable_Toronto_Condo_Options_Where_to_Buy_Below_Average_Prices_Hero.webp 600w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa_Discover_Affordable_Toronto_Condo_Options_Where_to_Buy_Below_Average_Prices_Hero-300x169.webp 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"wp-block-paragraph\">Condos are Toronto&#8217;s most affordable home-buying option, but that doesn&#8217;t mean they can&#8217;t be expensive. We analyzed data for every Toronto neighbourhood and compared the average price of an apartment in each to the city&#8217;s total average to find where you&#8217;re likely to find the most affordable condos in the city. <strong><a href=\"https:\/\/www.zoocasa.com\/blog\/toronto-condos-less-than-average-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">Continue reading &gt;&gt;<\/a><\/strong><\/p>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Ontario Opulence: 5 Recently Sold Luxury Properties<\/h3>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/www.zoocasa.com\/blog\/ontario-luxury-listings-sold-aug-2023\/\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"338\" src=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasas-Ontario-Opulence-5-Recently-Sold-Luxury-Properties-Hero-1.webp\" alt=\"A luxurious kitchen in a home\" class=\"wp-image-23488 size-full\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasas-Ontario-Opulence-5-Recently-Sold-Luxury-Properties-Hero-1.webp 600w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasas-Ontario-Opulence-5-Recently-Sold-Luxury-Properties-Hero-1-300x169.webp 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"wp-block-paragraph\">Take a look at these stunning luxury properties recently sold in Ontario. Whether you&#8217;re looking for design ideas, or just want to check out the more expensive side of Ontario living, these homes are sure to inspire and amaze. <a href=\"https:\/\/www.zoocasa.com\/blog\/ontario-luxury-listings-sold-aug-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Continue reading &gt;&gt;<\/strong><\/a><\/p>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Ready to buy and\/or sell? <a href=\"https:\/\/www.zoocasa.com\/buy-with-zoocasa\" target=\"_blank\" rel=\"noreferrer noopener\">Give us a call<\/a>! Our real estate agents can answer your questions on mortgage rates, affordable cities, and market conditions in your local market. <\/p>\n\n\n<div class=\"cta\">\n<div class=\"cta-left\">\n<div class=\"cta-title\">Looking for your dream home?<\/div>\n<div class=\"cta-body\">Contact us today to speak to a Realtor in your area<\/div>\n<\/div>\n<div class=\"cta-right\"><a href=\"https:\/\/www.zoocasa.com\/sell-with-zoocasa\"><button class=\"cta-button\">Talk To Our Experts<\/button><\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Affordability continues to be one of the hottest topics in Canadian real estate right now, with many buyers seeking the best markets to start their home search in. From data-driven insights on the best places to buy to an in-depth look at how home buying has changed in the last decade, check out our top [&hellip;]<\/p>\n","protected":false},"author":119,"featured_media":23675,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"footnotes":""},"categories":[58,1111],"tags":[],"class_list":["post-23657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-affordability","category-canada"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canadian Real Estate Month in Review: August 2023 - Housing Market Insights and Home Affordability | Zoocasa Blog<\/title>\n<meta name=\"description\" content=\"Affordability continues to be key for Canadian homebuyers. From data-driven insights on median incomes to the best Toronto neighbourhoods to buy a condo in, check out the top real estate stories in August.\" \/>\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.zoocasa.com\/blog\/real-estate-month-in-review-august-2023-canada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Real Estate Month in Review: August 2023 - Housing Market Insights and Home Affordability | Zoocasa Blog\" \/>\n<meta property=\"og:description\" content=\"Affordability continues to be key for Canadian homebuyers. From data-driven insights on median incomes to the best Toronto neighbourhoods to buy a condo in, check out the top real estate stories in August.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zoocasa.com\/blog\/real-estate-month-in-review-august-2023-canada\/\" \/>\n<meta property=\"og:site_name\" content=\"Zoocasa Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Zoocasa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-01T10:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-31T20:25:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa-Canadian-Real-Estate-Month-in-Review-August-2023-Housing-Market-Insights-and-Home-Affordability-Thumbnail.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"338\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Daniel Crook\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2023\/08\/Zoocasa-Canadian-Real-Estate-Month-in-Review-August-2023-Housing-Market-Insights-and-Home-Affordability-Thumbnail-1.png\" \/>\n<meta name=\"twitter:creator\" content=\"@Zoocasa\" \/>\n<meta name=\"twitter:site\" content=\"@Zoocasa\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Daniel Crook\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/real-estate-month-in-review-august-2023-canada\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/real-estate-month-in-review-august-2023-canada\/\"},\"author\":{\"name\":\"Daniel Crook\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/2a4b65285e841ed26e0f85235df85c59\"},\"headline\":\"Canadian Real Estate Month in Review: August 2023 &#8211; Housing Market Insights and Home Affordability\",\"datePublished\":\"2023-09-01T10:00:00+00:00\",\"dateModified\":\"2023-08-31T20:25:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/real-estate-month-in-review-august-2023-canada\/\"},\"wordCount\":441,\"publisher\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#organization\"},\"articleSection\":[\"Affordability\",\"Canada\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/real-estate-month-in-review-august-2023-canada\/\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/real-estate-month-in-review-august-2023-canada\/\",\"name\":\"Canadian Real Estate Month in Review: August 2023 - Housing Market Insights and Home Affordability | Zoocasa Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#website\"},\"datePublished\":\"2023-09-01T10:00:00+00:00\",\"dateModified\":\"2023-08-31T20:25:02+00:00\",\"description\":\"Affordability continues to be key for Canadian homebuyers. 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