{"id":5011,"date":"2014-09-05T16:10:06","date_gmt":"2014-09-05T20:10:06","guid":{"rendered":"http:\/\/www.zoocasa.com\/blog\/?p=5011"},"modified":"2018-10-11T14:51:53","modified_gmt":"2018-10-11T18:51:53","slug":"exploring-impact-2008-2009-recession-canadian-housing-market","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/exploring-impact-2008-2009-recession-canadian-housing-market\/","title":{"rendered":"Exploring the Impact the 2008\/2009 Recession Had on the Canadian Housing Market"},"content":{"rendered":"<p><strong>Unemployment, drop in resale values, massive GDP loss. Let\u2019s face it. The recession hit us hard \u2013 in this infographic we explore the impact it made on the housing market<\/strong>.<\/p>\n<p>A tough time for the Canadian economy, the recession of 2008\/2009 affected just about every industry and made a huge impact on the housing market. The nine month long ordeal saw 400,000 Canadians lose their jobs and the nation\u2019s GDP drop by 3.3%. \u00a0The below infographic is the first of a four part series that is intended to educate you on the drivers of the recession and bring to life some indicators that help explain why Canadian house prices increased since 2008\/2009 and provide an outlook for the future.<\/p>\n<p>Remember, though historical events can teach us a great deal, individual experiences and environmental factors can also change future results.\u00a0 You should always consider your individual risk tolerance when planning for the future.<\/p>\n<p><a href=\"http:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2014\/09\/2008-recession-home-prices.png\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5012 size-full alignleft\" src=\"http:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2014\/09\/2008-recession-home-prices.png\" alt=\"2008-recession-home-prices\" width=\"740\" height=\"2281\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2014\/09\/2008-recession-home-prices.png 740w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2014\/09\/2008-recession-home-prices-97x300.png 97w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2014\/09\/2008-recession-home-prices-332x1024.png 332w\" sizes=\"auto, (max-width: 740px) 100vw, 740px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unemployment, drop in resale values, massive GDP loss. Let\u2019s face it. The recession hit us hard \u2013 in this infographic we explore the impact it made on the housing market. A tough time for the Canadian economy, the recession of 2008\/2009 affected just about every industry and made a huge impact on the housing market. [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":5016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[33],"tags":[550,551,553,552],"class_list":["post-5011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news","tag-2008-recession-canada","tag-2008-recession-causes-and-effects","tag-2008-recession-housing-market","tag-2008-recession-statistics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exploring the Impact the 2008\/2009 Recession Had on the Canadian Housing Market | Zoocasa Blog<\/title>\n<meta name=\"description\" content=\"Take a look back at the impact the 2008\/2009 recession had on the housing market in Canada \u2014 Our new infographic breaks down 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