{"id":9179,"date":"2017-01-05T15:30:32","date_gmt":"2017-01-05T20:30:32","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=9179"},"modified":"2017-01-05T15:30:32","modified_gmt":"2017-01-05T20:30:32","slug":"record-real-estate-prices-kick-off-2017","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/","title":{"rendered":"2017 Kicks Off With Record Real Estate Prices"},"content":{"rendered":"<p>The new year has arrived &#8211; and it will be the priciest ever for Toronto homebuyers, as the <a href=\"http:\/\/www.zoocasa.com\/toronto-on-real-estate\">real estate market<\/a> is anticipated to eclipse Vancouver\u2019s as Canada\u2019s hottest.<\/p>\n<p>According to the <em><a href=\"http:\/\/www.trebhome.com\/market_news\/release_market_updates\/news2016\/nr_market_watch_1216.htm\" target=\"_blank\">December Monthly Resale Housing Market Figures<\/a><\/em> from the Toronto Real Estate Board, 2016 sales broke the annual record for the second year in a row; 113,133 homes changed hands via MLS last year \u2013 an 11.8% yearly increase and an 8.6% uptick last month alone.<\/p>\n<h2>Price Index Reaches New Heights<\/h2>\n<p>Along with brisk sales come higher prices &#8211; TREB reports its Home Price Index rose 21% over 2016 to an average price of $729,922 across all home types, and up 17.3% year over year in December. Such sales and price gains are being driven by an intense supply and demand imbalance; housing inventory is at a 16-year low in the Greater Toronto Area, and there\u2019s no relief in sight.<\/p>\n<p>\u201cPrice growth accelerated throughout 2016 as the supply of listings remained very constrained,\u201d stated Jason Mercer, TREB\u2019s director of market analysis, in a release. \u201cActive listings at the end of December were at their lowest point in a decade and a half.\u201d The number of new homes available for sale fell nearly 0.4% last year.<\/p>\n<p>Historically low interest rates, heavy migration, and stable jobs are also factors behind the boom, said TREB President Larry Cerqua: \u201cA relatively strong regional economy, low unemployment and very low borrowing costs kept the demand for ownership housing strong in the GTA, as the region\u2019s population continued to grow in 2016.\u201d<\/p>\n<h2>Buyers Want Houses \u2013 At Any Cost<\/h2>\n<p>While TREB\u2019s numbers show condos changed hands the most within the 416 at 20,860 units sold (a 19.9% increase), make no mistake \u2013 the frenzy for detached houses remains in full force. Buyers are snapping them up across the GTA, hindered only by the fact that there\u2019s so few available \u2013 only 12,354 were sold within the city proper (+3.1%) compared to the 41,363 in the 905 (+12.9%). Buyers could also expect to pay an average of $1,252,069 and $891,856 in the 416 and 905, respectively.<\/p>\n<p><strong>Year over Year Sales and Price Change by Home Type<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<td><strong>Sales<\/strong><\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<td><strong>Prices<\/strong><\/td>\n<td><strong>\u00a0<\/strong><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>416<\/strong><\/td>\n<td><strong>905<\/strong><\/td>\n<td><strong>Total<\/strong><\/td>\n<td><strong>416<\/strong><\/td>\n<td><strong>905<\/strong><\/td>\n<td><strong>Total<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Detached<\/td>\n<td>12,354<\/td>\n<td>41,363<\/td>\n<td>53,717<\/td>\n<td>$1,252,069<\/td>\n<td>$891,856<\/td>\n<td>$974,698<\/td>\n<\/tr>\n<tr>\n<td>Year over year % change<\/td>\n<td>3.10%<\/td>\n<td>12.90%<\/td>\n<td>10.50%<\/td>\n<td>19.50%<\/td>\n<td>22.50%<\/td>\n<td>20.80%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Semi-Detached<\/td>\n<td>3,441<\/td>\n<td>7,181<\/td>\n<td>10,622<\/td>\n<td>$861,967<\/td>\n<td>$583,542<\/td>\n<td>$673,738<\/td>\n<\/tr>\n<tr>\n<td>Year over year % change<\/td>\n<td>-5.50%<\/td>\n<td>9.40%<\/td>\n<td>4.10%<\/td>\n<td>17.10%<\/td>\n<td>18.40%<\/td>\n<td>16.20%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Townhouse<\/td>\n<td>4,139<\/td>\n<td>12,912<\/td>\n<td>17,051<\/td>\n<td>$627,690<\/td>\n<td>$528,143<\/td>\n<td>$552,307<\/td>\n<\/tr>\n<tr>\n<td>Year over year % change<\/td>\n<td>4.10%<\/td>\n<td>9.00%<\/td>\n<td>7.70%<\/td>\n<td>15.70%<\/td>\n<td>17.60%<\/td>\n<td>16.80%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Condo Apartment<\/td>\n<td>20,860<\/td>\n<td>8,867<\/td>\n<td>29,727<\/td>\n<td>$443,563<\/td>\n<td>$352,002<\/td>\n<td>$416,252<\/td>\n<\/tr>\n<tr>\n<td>Year over year % change<\/td>\n<td>19.90%<\/td>\n<td>21.10%<\/td>\n<td>20.30%<\/td>\n<td>9.40%<\/td>\n<td>10.80%<\/td>\n<td>9.70%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Source: Toronto Real Estate Board<\/em><strong>\u00a0<\/strong><\/p>\n<h2>Foreign Buyers Still a West Coast Issue<\/h2>\n<p>The <em>Canadian Press<\/em> may have named the faceless \u201cforeign buyer\u201d as the <a href=\"https:\/\/www.thestar.com\/business\/2016\/12\/27\/the-foreign-investor-voted-canadian-press-business-newsmaker-of-the-year.html\" target=\"_blank\">top newsmaker of 2016<\/a>, but TREB insists Toronto\u2019s market growth is due to home-grown demand. According to an Ipsos survey conducted by the real estate board, only 4.9% of transactions in the GTA can be attributed to foreigners. This is backed by previous research that found domestic real estate investors account for a quarter of local real estate agents\u2019 client bases.<\/p>\n<p>However, out-of-country buyers are strongly alleged to contribute significantly to Vancouver\u2019s housing woes. The west coast city is still reeling from government changes that targeted these buyers.<\/p>\n<p><strong>Related Read: <a href=\"https:\/\/www.zoocasa.com\/blog\/federal-government-to-end-tax-free-home-sales-for-foreign-buyers\/\">Federal government to end tax-free home sales for foreign buyers<\/a><\/strong><\/p>\n<p>Despite an extremely strong first half of the year, sales plunged following a 15% tax placed on foreign investor purchase in Metro Vancouver, falling 5.6% over the year and a full 40% in December.<br \/>\n\u201cAs prices rose in the first half of the year, public debate waged about what was fuelling demand and what should be done to stop it. This led to multiple government interventions into the market. The long-term effects of these actions won\u2019t be fully understood for some time,\u201d stated <a href=\"http:\/\/www.rebgv.org\/news-statistics\/heated-year-metro-vancouver-real-estate-draws-close\" target=\"_blank\">Real Estate Board of Greater Vancouver<\/a> President Dan Morrison.<\/p>\n<p>However, the changes haven\u2019t led to much price relief. The average detached house cost an average of $1,483,500 in December, while prices dipped only 2.2% over the year to a MLS benchmark of $897,600.<\/p>\n<p>\u201cThe supply of homes for sale couldn&#8217;t keep up with home buyer demand for much of 2016. This allowed home sellers to raise their asking price. It wasn\u2019t until the last half of the year that prices began to show modest declines,\u201d Morrison adds.<\/p>\n<p>All these changes have left buyers wary of rushing into the market alleges CIBC Chief Economist Avery Shenfeld. In an interview with the Financial Post, he said, \u201cThe spate of federal and provincial measures has seen the Vancouver market temporarily freeze in its tracks, as buyers and sellers both try to assess the implications for valuations ahead,\u201d adding that while sales will likely recover slightly in 2017, prices could continue to slide.<\/p>\n<p><strong>Do you plan to buy a new home in 2017? Share your thoughts in the comments!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new year has arrived &#8211; and it will be the priciest ever for Toronto homebuyers, as the real estate market is anticipated to eclipse Vancouver\u2019s as Canada\u2019s hottest. According to the December Monthly Resale Housing Market Figures from the Toronto Real Estate Board, 2016 sales broke the annual record for the second year in [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":9181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[76,33],"tags":[],"class_list":["post-9179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-home","category-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2017 Kicks Off With Record Real Estate Prices | Zoocasa Life<\/title>\n<meta name=\"description\" content=\"Buyers are already facing record real estate prices in the new year, according to reports from Toronto and Vancouver 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.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2017 Kicks Off With Record Real Estate Prices | Zoocasa Life\" \/>\n<meta property=\"og:description\" content=\"Buyers are already facing record real estate prices in the new year, according to reports from Toronto and Vancouver real estate boards.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/\" \/>\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=\"2017-01-05T20:30:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2017\/01\/Record-Real-Estate-Prices.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"509\" \/>\n\t<meta property=\"og:image:height\" content=\"339\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Penelope Graham\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\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=\"Penelope Graham\" \/>\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.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/\"},\"author\":{\"name\":\"Penelope Graham\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/9a2554dc39c550f5ef3339b25aa1f09c\"},\"headline\":\"2017 Kicks Off With Record Real Estate Prices\",\"datePublished\":\"2017-01-05T20:30:32+00:00\",\"dateModified\":\"2017-01-05T20:30:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/\"},\"wordCount\":750,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#organization\"},\"articleSection\":[\"Buying a Home\",\"Real Estate News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/\",\"name\":\"2017 Kicks Off With Record Real Estate Prices | Zoocasa Life\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#website\"},\"datePublished\":\"2017-01-05T20:30:32+00:00\",\"dateModified\":\"2017-01-05T20:30:32+00:00\",\"description\":\"Buyers are already facing record real estate prices in the new year, according to reports from Toronto and Vancouver real estate boards.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.zoocasa.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"2017 Kicks Off With Record Real Estate Prices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#website\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/\",\"name\":\"Zoocasa Blog\",\"description\":\"Home Buying &amp; Selling Tips, Real Estate Market Trends &amp; News\",\"publisher\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.zoocasa.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#organization\",\"name\":\"Zoocasa\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2020\/09\/zoocasa-square-logo-800x800px.png\",\"contentUrl\":\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2020\/09\/zoocasa-square-logo-800x800px.png\",\"width\":800,\"height\":800,\"caption\":\"Zoocasa\"},\"image\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Zoocasa\",\"https:\/\/twitter.com\/Zoocasa\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/9a2554dc39c550f5ef3339b25aa1f09c\",\"name\":\"Penelope Graham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b876eeae4e4052e9779a93235f93eeaf79772e0fca6f90c1e13a1143a4c748d9?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b876eeae4e4052e9779a93235f93eeaf79772e0fca6f90c1e13a1143a4c748d9?s=96&d=blank&r=g\",\"caption\":\"Penelope Graham\"},\"description\":\"Penelope Graham is the Managing Editor at Zoocasa, and has over a decade of experience covering real estate, mortgage, and personal finance topics. Her commentary on the housing market is frequently featured on both national and local media outlets including BNN Bloomberg, CBC, The Toronto Star, National Post, and The Huffington Post. When not keeping an eye on Toronto's hot housing market, she can be found brunching in one of the city's many vibrant neighbourhoods, travelling abroad, or in the dance studio.\",\"url\":\"https:\/\/www.zoocasa.com\/blog\/author\/penelope\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"2017 Kicks Off With Record Real Estate Prices | Zoocasa Life","description":"Buyers are already facing record real estate prices in the new year, according to reports from Toronto and Vancouver 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.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/","og_locale":"en_US","og_type":"article","og_title":"2017 Kicks Off With Record Real Estate Prices | Zoocasa Life","og_description":"Buyers are already facing record real estate prices in the new year, according to reports from Toronto and Vancouver real estate boards.","og_url":"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/","og_site_name":"Zoocasa Blog","article_publisher":"https:\/\/www.facebook.com\/Zoocasa","article_published_time":"2017-01-05T20:30:32+00:00","og_image":[{"width":509,"height":339,"url":"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2017\/01\/Record-Real-Estate-Prices.jpg","type":"image\/jpeg"}],"author":"Penelope Graham","twitter_card":"summary_large_image","twitter_creator":"@Zoocasa","twitter_site":"@Zoocasa","twitter_misc":{"Written by":"Penelope Graham","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/#article","isPartOf":{"@id":"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/"},"author":{"name":"Penelope Graham","@id":"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/9a2554dc39c550f5ef3339b25aa1f09c"},"headline":"2017 Kicks Off With Record Real Estate Prices","datePublished":"2017-01-05T20:30:32+00:00","dateModified":"2017-01-05T20:30:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/"},"wordCount":750,"commentCount":1,"publisher":{"@id":"https:\/\/www.zoocasa.com\/blog\/#organization"},"articleSection":["Buying a Home","Real Estate News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/","url":"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/","name":"2017 Kicks Off With Record Real Estate Prices | Zoocasa Life","isPartOf":{"@id":"https:\/\/www.zoocasa.com\/blog\/#website"},"datePublished":"2017-01-05T20:30:32+00:00","dateModified":"2017-01-05T20:30:32+00:00","description":"Buyers are already facing record real estate prices in the new year, according to reports from Toronto and Vancouver real estate boards.","breadcrumb":{"@id":"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.zoocasa.com\/blog\/record-real-estate-prices-kick-off-2017\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zoocasa.com\/blog\/"},{"@type":"ListItem","position":2,"name":"2017 Kicks Off With Record Real Estate Prices"}]},{"@type":"WebSite","@id":"https:\/\/www.zoocasa.com\/blog\/#website","url":"https:\/\/www.zoocasa.com\/blog\/","name":"Zoocasa Blog","description":"Home Buying &amp; Selling Tips, Real Estate Market Trends &amp; News","publisher":{"@id":"https:\/\/www.zoocasa.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zoocasa.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zoocasa.com\/blog\/#organization","name":"Zoocasa","url":"https:\/\/www.zoocasa.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zoocasa.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2020\/09\/zoocasa-square-logo-800x800px.png","contentUrl":"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2020\/09\/zoocasa-square-logo-800x800px.png","width":800,"height":800,"caption":"Zoocasa"},"image":{"@id":"https:\/\/www.zoocasa.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Zoocasa","https:\/\/twitter.com\/Zoocasa"]},{"@type":"Person","@id":"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/9a2554dc39c550f5ef3339b25aa1f09c","name":"Penelope Graham","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b876eeae4e4052e9779a93235f93eeaf79772e0fca6f90c1e13a1143a4c748d9?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b876eeae4e4052e9779a93235f93eeaf79772e0fca6f90c1e13a1143a4c748d9?s=96&d=blank&r=g","caption":"Penelope Graham"},"description":"Penelope Graham is the Managing Editor at Zoocasa, and has over a decade of experience covering real estate, mortgage, and personal finance topics. Her commentary on the housing market is frequently featured on both national and local media outlets including BNN Bloomberg, CBC, The Toronto Star, National Post, and The Huffington Post. When not keeping an eye on Toronto's hot housing market, she can be found brunching in one of the city's many vibrant neighbourhoods, travelling abroad, or in the dance studio.","url":"https:\/\/www.zoocasa.com\/blog\/author\/penelope\/"}]}},"_links":{"self":[{"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/posts\/9179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/comments?post=9179"}],"version-history":[{"count":0,"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/posts\/9179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/media\/9181"}],"wp:attachment":[{"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/media?parent=9179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/categories?post=9179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zoocasa.com\/blog\/wp-json\/wp\/v2\/tags?post=9179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}