{"id":13804,"date":"2021-06-10T09:00:00","date_gmt":"2021-06-10T16:00:00","guid":{"rendered":"https:\/\/www.roomvu.com\/academy\/?p=13804"},"modified":"2021-06-10T02:57:13","modified_gmt":"2021-06-10T09:57:13","slug":"fomo-fuels-jump-in-new-condo-in-major-canadian-cities","status":"publish","type":"post","link":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/","title":{"rendered":"FOMO Fuels Jump in New Condo in Major Canadian Cities"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" width=\"834\" height=\"145\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><\/a><\/figure>\n\n\n\n<iframe width=\"640\" height=\"480\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/real-estate-trends\/fomo-condo-new-canada\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n\n\n\n<p>New <strong>condo sales<\/strong> are <strong>rebounding<\/strong>, as houses <strong>increasingly <\/strong>become more <strong>unaffordable <\/strong>and buyers race for FOMO on the booming real estate market. In the Vancouver region, there were <strong>4,293 new condo sales<\/strong> in Q1 2021, <strong>more than double<\/strong> y-o-y (Altus).<\/p>\n\n\n\n<p>In Calgary, sales increased <strong>66%<\/strong> to <strong>407 units<\/strong>, and in Hamilton, sales <strong>tripled <\/strong>to <strong>515 units<\/strong>. In the Toronto region, there were <strong>5,680 sales<\/strong>, which was <strong>14% lower<\/strong> than last year when the market was booming. <\/p>\n\n\n\n<p>While the <strong>rapid rise<\/strong> in <strong>home prices<\/strong> has <strong>shut out<\/strong> many, it has made many <strong>keen <\/strong>to get in now in case of <strong>growth <\/strong>at the same rate. <\/p>\n\n\n\n<p>The <strong>home price index<\/strong>, which adjusts for price <strong>volatility 30% &#8211; 40% higher in many parts of Ontario, the Maritimes,<\/strong> and BC. <\/p>\n\n\n\n<p>The <strong>excitement <\/strong>in the market appears to be <strong>encouraging <\/strong>investors and buyers to <strong>come back<\/strong>, and in turn, encouraging developers to <strong>release more products<\/strong>. <\/p>\n\n\n\n<p>The <strong>high prices<\/strong> have sent <strong>Toronto investors<\/strong> to cheaper markets such as Hamilton and London, Ontario, Calgary, and Montreal. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" width=\"834\" height=\"145\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>New condo sales are rebounding, as houses increasingly become more unaffordable and buyers race for FOMO on the booming real estate market. In the Vancouver region, there were 4,293 new condo sales in Q1 2021, more than double y-o-y (Altus). In Calgary, sales increased 66% to 407 units, and in Hamilton, sales tripled to 515 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":13813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[917],"tags":[],"class_list":["post-13804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FOMO Fuels Jump in New Condo in Major Canadian Cities - roomvu Academy<\/title>\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.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FOMO Fuels Jump in New Condo in Major Canadian Cities\" \/>\n<meta property=\"og:description\" content=\"New condo sales are rebounding, as houses increasingly become more unaffordable and buyers race for FOMO on the booming real estate market. In the Vancouver region, there were 4,293 new condo sales in Q1 2021, more than double y-o-y (Altus). In Calgary, sales increased 66% to 407 units, and in Hamilton, sales tripled to 515 &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/\" \/>\n<meta property=\"og:site_name\" content=\"roomvu Academy\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/roomvu\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-10T16:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/06\/FOMO-Fuels-Jump-in-New-Condo-in-Major-Canadian-Cities.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"723\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Academy Content Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Academy Content Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FOMO Fuels Jump in New Condo in Major Canadian Cities - roomvu Academy","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.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/","og_locale":"en_US","og_type":"article","og_title":"FOMO Fuels Jump in New Condo in Major Canadian Cities","og_description":"New condo sales are rebounding, as houses increasingly become more unaffordable and buyers race for FOMO on the booming real estate market. In the Vancouver region, there were 4,293 new condo sales in Q1 2021, more than double y-o-y (Altus). In Calgary, sales increased 66% to 407 units, and in Hamilton, sales tripled to 515 &hellip;","og_url":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/","og_site_name":"roomvu Academy","article_publisher":"https:\/\/www.facebook.com\/roomvu\/","article_published_time":"2021-06-10T16:00:00+00:00","og_image":[{"width":1200,"height":723,"url":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/06\/FOMO-Fuels-Jump-in-New-Condo-in-Major-Canadian-Cities.jpg","type":"image\/jpeg"}],"author":"Academy Content Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Academy Content Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/#article","isPartOf":{"@id":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/"},"author":{"name":"Academy Content Team","@id":"https:\/\/www.roomvu.com\/academy\/#\/schema\/person\/b0b351d7f7669f578c3899b0071b4024"},"headline":"FOMO Fuels Jump in New Condo in Major Canadian Cities","datePublished":"2021-06-10T16:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/"},"wordCount":170,"commentCount":0,"publisher":{"@id":"https:\/\/www.roomvu.com\/academy\/#organization"},"image":{"@id":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/06\/FOMO-Fuels-Jump-in-New-Condo-in-Major-Canadian-Cities.jpg","articleSection":["Market Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/","url":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/","name":"FOMO Fuels Jump in New Condo in Major Canadian Cities - roomvu Academy","isPartOf":{"@id":"https:\/\/www.roomvu.com\/academy\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/#primaryimage"},"image":{"@id":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/06\/FOMO-Fuels-Jump-in-New-Condo-in-Major-Canadian-Cities.jpg","datePublished":"2021-06-10T16:00:00+00:00","breadcrumb":{"@id":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/#primaryimage","url":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/06\/FOMO-Fuels-Jump-in-New-Condo-in-Major-Canadian-Cities.jpg","contentUrl":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/06\/FOMO-Fuels-Jump-in-New-Condo-in-Major-Canadian-Cities.jpg","width":1200,"height":723,"caption":"FOMO Fuels Jump in New Condo in Major Canadian Cities"},{"@type":"BreadcrumbList","@id":"https:\/\/www.roomvu.com\/academy\/fomo-fuels-jump-in-new-condo-in-major-canadian-cities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roomvu.com\/academy\/"},{"@type":"ListItem","position":2,"name":"FOMO Fuels Jump in New Condo in Major Canadian Cities"}]},{"@type":"WebSite","@id":"https:\/\/www.roomvu.com\/academy\/#website","url":"https:\/\/www.roomvu.com\/academy\/","name":"roomvu Academy","description":"Leading The Future of Real Estate Marketing","publisher":{"@id":"https:\/\/www.roomvu.com\/academy\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roomvu.com\/academy\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.roomvu.com\/academy\/#organization","name":"roomvu","url":"https:\/\/www.roomvu.com\/academy\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.roomvu.com\/academy\/#\/schema\/logo\/image\/","url":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2024\/05\/Untitled-design-5.png","contentUrl":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2024\/05\/Untitled-design-5.png","width":1080,"height":200,"caption":"roomvu"},"image":{"@id":"https:\/\/www.roomvu.com\/academy\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/roomvu\/","https:\/\/www.instagram.com\/roomvu.co\/","https:\/\/www.linkedin.com\/company\/18255209"],"email":"info@roomvu.com"},{"@type":"Person","@id":"https:\/\/www.roomvu.com\/academy\/#\/schema\/person\/b0b351d7f7669f578c3899b0071b4024","name":"Academy Content Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2020\/05\/Editorial-Staff-2-96x96.jpg","url":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2020\/05\/Editorial-Staff-2-96x96.jpg","contentUrl":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2020\/05\/Editorial-Staff-2-96x96.jpg","caption":"Academy Content Team"},"description":"roomvu Academy content team consists of authors who bring you the best in real estate marketing.","url":"https:\/\/www.roomvu.com\/academy\/author\/rvadmin\/"}]}},"modified_by":"roomvu Academy","jetpack_featured_media_url":"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/06\/FOMO-Fuels-Jump-in-New-Condo-in-Major-Canadian-Cities.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/posts\/13804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/comments?post=13804"}],"version-history":[{"count":6,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/posts\/13804\/revisions"}],"predecessor-version":[{"id":13830,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/posts\/13804\/revisions\/13830"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/media\/13813"}],"wp:attachment":[{"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/media?parent=13804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/categories?post=13804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roomvu.com\/academy\/wp-json\/wp\/v2\/tags?post=13804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}