{"id":1258,"date":"2021-10-18T18:51:34","date_gmt":"2021-10-18T18:51:34","guid":{"rendered":"http:\/\/planulife.com\/?post_type=articles&p=1258"},"modified":"2022-01-07T16:41:23","modified_gmt":"2022-01-07T16:41:23","slug":"real-estate-deflation-risk","status":"publish","type":"articles","link":"https:\/\/lifelonginvestments.ca\/fr\/articles\/real-estate-deflation-risk\/","title":{"rendered":"The Canadian Real Estate Bubble Is At Risk Of Deflation"},"content":{"rendered":"

PLANULIFE REALTY ANALYSIS<\/b><\/span><\/p>\n

The Canadian housing sector moved from a moderate to high degree of vulnerability during the second quarter, with Toronto, Ottawa and Montreal among the markets at the most risk according to the Canadian Mortgage and Housing Corporation (CMHC).<\/p>\n

\"\"<\/p>\n

Home sales reached historic highs in 2021, but there was low evidence of excess inventories. This means that there were not a lot of vacancies among newly built and unsold housing units or rental apartments even though 25% of the housing market is owned by people with multiple properties. Toronto real estate sales may be cooling, but demand is still significantly outpacing supply, and prices are still rising at an increased pace over the sustained period.<\/p>\n

The statistics tell us that it\u2019s the suburban areas that are most affected by the overheating. The sales-to-new-listings ratio in the city, where there is plenty of condo supply, is 64%. Meanwhile, more people working remotely pushed the sales-to-new-listings much higher in Durham (86%), Halton (86%) and Peel (81%).<\/p>\n

The benchmark home price continued to climb in August, reaching $736,600. That\u2019s a 21% increase from a year earlier, with the cost of homes in Toronto and Vancouver now exceeding $1 million.<\/p>\n

EXAMPLE OF A RECENT SALE<\/strong><\/p>\n

\"\"<\/p>\n

28 William Jose Crt.,Newcastle sold by Planulife Realty for $895,450 (up 28% annual) in October 2021<\/p>\n

August 2020 value $675,000, up 17%<\/p>\n

August 2019 value $550,000<\/p>\n

PLANULIFE FINANCING ANALYSIS<\/b><\/span><\/p>\n

With interest rates expected to go up in 2022 we are predicting the curve will flatten as it did in 2017 when the Bank of Canada implemented the stress test making the qualifying rate 4.79%. This will cause housing prices to stabilize, and supply to meet the demand.<\/p>\n

The impact of a 1% hike in interest rate on a $800,000 mortgage on a 25 year amortization is $123,300 over the duration of the mortgage.<\/p>\n\n\n\n\n\n\n
Interest Rate<\/td>\nMonthly Payment<\/td>\nMonthly Principal Paid<\/td>\nBalance Remaining After 5 Year Term<\/td>\n<\/tr>\n
2.50%<\/td>\n$3,583<\/td>\n$1,925<\/td>\n$677,103<\/td>\n<\/tr>\n
3.50%<\/td>\n$3,994<\/td>\n$1,677<\/td>\n$690,240<\/td>\n<\/tr>\n
Difference<\/td>\n$411<\/td>\n$248<\/td>\n$13,137<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
Even after paying an additional $411 monthly towards your mortgage, since the principal pay down is less, you will still owe over $13,137 more after a 5 year term. The total difference over 5 years is $37,797 ($411*60 months=$24,660 + $13,137).<\/h5>\n

PLANULIFE INVESTMENTS ANALYSIS<\/b><\/span><\/p>\n

During the pandemic, shocks in global supply chain led to increases in price of labour and material by over 25% in most cases. For example, lumber futures peaked at $1,670 in May of 2021, which was more than double the starting price of $717 at the beginning of 2021. The price increases resulted in significant increases in all pre-construction properties. Additionally, some projects were no longer feasible. In the event of a market decline, construction activity slows and the price of labour and materials stabilizes. This is something we anticipate seeing given that we have already witnessed the peak. These supply chain issues have a direct impact to the lack of supply of new housing in most Canadian markets.<\/p>\n

On the other hand, developments that were contracted at pre-covid pricing were built out as planned at normalized rates. What’s shocking is that even at the earlier rates, some investors have not been able to earn healthy returns through pre-construction investing. Here is an example of a recent assignment that came up.<\/p>\n

\"\"<\/p>\n

Perla Towers – Mississauga<\/p>\n

773 square feet<\/p>\n

Available at $615,000 ($796 per square foot)<\/p>\n

Original purchase price – $550,000 in 2018<\/p>\n

Couple of thoughts here. 1) New condo launches in Mississauga are over $1,200 per square foot. 2) It will cost more than $796 per square foot for a builder to build a similar unit. 3) Despite this, the investor that initially purchased the unit is on pace to only yield $28,000 after expenses [$65,000 gross less closing costs – $30,000, less capital gains tax budget $7,000].<\/p>\n

WHAT’S YOUR BEST MOVE?<\/strong><\/span><\/p>\n

Downsizers – it may be a good time to cash out of your home. Your Planulife Advisor<\/a> can review your automated home valuation report with you.<\/p>\n

Upsizer or First time home buyer – this is likely the most confusing market in the past decade. Investing now and waiting for the market to settle may be a good option so you get more selection of home options and likely will not have to bid against over 10 people to buy your home. Make sure to login to your Planulife dashboard<\/a> to review your free Real Estate Financial Plan to review the numbers behind all of your options.<\/p>\n

Investors –\u00a0 With multiple properties, right now might be a great time to cash out because higher interest rates will reduce your overall profit. Diversify your portfolio with a pooled investment such as the Planulife Community Redevelopment Fund <\/a>and earn a 9% secured return tax efficiently through a registered account such as a TFSA or RRSP.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLANULIFE REALTY ANALYSIS The Canadian housing sector moved from a moderate to high degree of vulnerability during the second quarter, with Toronto, Ottawa and Montreal among the markets at the most risk according to the Canadian Mortgage and Housing Corporation (CMHC). Home sales reached historic highs in 2021, but there was low evidence of excess […]<\/p>\n","protected":false},"author":2,"featured_media":1270,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1258","articles","type-articles","status-publish","has-post-thumbnail","hentry","article_categories-real-estate"],"yoast_head":"\nThe Canadian Real Estate Bubble Is At Risk Of Deflation - Lifelong Investments<\/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:\/\/lifelonginvestments.ca:443\/fr\/articles\/real-estate-deflation-risk\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Canadian Real Estate Bubble Is At Risk Of Deflation - Lifelong Investments\" \/>\n<meta property=\"og:description\" content=\"PLANULIFE REALTY ANALYSIS The Canadian housing sector moved from a moderate to high degree of vulnerability during the second quarter, with Toronto, Ottawa and Montreal among the markets at the most risk according to the Canadian Mortgage and Housing Corporation (CMHC). Home sales reached historic highs in 2021, but there was low evidence of excess […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lifelonginvestments.ca:443\/fr\/articles\/real-estate-deflation-risk\/\" \/>\n<meta property=\"og:site_name\" content=\"Lifelong Investments\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-07T16:41:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/lifelonginvestments.ca:443\/wp-content\/uploads\/2021\/10\/Untitled-523-x-350-px-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"523\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/lifelonginvestments.ca:443\/articles\/real-estate-deflation-risk\/\",\"url\":\"https:\/\/lifelonginvestments.ca:443\/articles\/real-estate-deflation-risk\/\",\"name\":\"The Canadian Real Estate Bubble Is At Risk Of Deflation - 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This means that there were not a lot of vacancies among newly built and unsold housing units or rental apartments even though 25% of the housing market is owned by people with multiple properties. Toronto real estate sales may be cooling, but demand is still significantly outpacing supply, and prices are still rising at an increased pace over the sustained period.\r\n\r\nThe statistics tell us that it\u2019s the suburban areas that are most affected by the overheating. The sales-to-new-listings ratio in the city, where there is plenty of condo supply, is 64%. Meanwhile, more people working remotely pushed the sales-to-new-listings much higher in Durham (86%), Halton (86%) and Peel (81%).\r\n\r\nThe benchmark home price continued to climb in August, reaching $736,600. That\u2019s a 21% increase from a year earlier, with the cost of homes in Toronto and Vancouver now exceeding $1 million.\r\n<p style=\"text-align: center;\"><strong>EXAMPLE OF A RECENT SALE<\/strong><\/p>\r\n<p style=\"text-align: center;\"><img class=\"wp-image-1283 aligncenter\" src=\"http:\/\/planulife.com\/wp-content\/uploads\/2021\/10\/SOLD-white.png\" alt=\"\" width=\"396\" height=\"396\" \/><\/p>\r\n28 William Jose Crt.,Newcastle sold by Planulife Realty for $895,450 (up 28% annual) in October 2021\r\n\r\nAugust 2020 value $675,000, up 17%\r\n\r\nAugust 2019 value $550,000\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><b>PLANULIFE FINANCING ANALYSIS<\/b><\/span><\/p>\r\nWith interest rates expected to go up in 2022 we are predicting the curve will flatten as it did in 2017 when the Bank of Canada implemented the stress test making the qualifying rate 4.79%. This will cause housing prices to stabilize, and supply to meet the demand.\r\n\r\nThe impact of a 1% hike in interest rate on a $800,000 mortgage on a 25 year amortization is $123,300 over the duration of the mortgage.\r\n<table style=\"height: 176px;\" width=\"637\">\r\n<tbody>\r\n<tr>\r\n<td style=\"text-align: center;\">Interest Rate<\/td>\r\n<td style=\"text-align: center;\">Monthly Payment<\/td>\r\n<td style=\"text-align: center;\">Monthly Principal Paid<\/td>\r\n<td style=\"text-align: center;\">Balance Remaining After 5 Year Term<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"text-align: center;\">2.50%<\/td>\r\n<td style=\"text-align: center;\">$3,583<\/td>\r\n<td style=\"text-align: center;\">$1,925<\/td>\r\n<td style=\"text-align: center;\">$677,103<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"text-align: center;\">3.50%<\/td>\r\n<td style=\"text-align: center;\">$3,994<\/td>\r\n<td style=\"text-align: center;\">$1,677<\/td>\r\n<td style=\"text-align: center;\">$690,240<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"text-align: center;\">Difference<\/td>\r\n<td style=\"text-align: center;\">$411<\/td>\r\n<td style=\"text-align: center;\">$248<\/td>\r\n<td style=\"text-align: center;\">$13,137<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h5>Even after paying an additional $411 monthly towards your mortgage, since the principal pay down is less, you will still owe over $13,137 more after a 5 year term. The total difference over 5 years is $37,797 ($411*60 months=$24,660 + $13,137).<\/h5>\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><b>PLANULIFE INVESTMENTS ANALYSIS<\/b><\/span><\/p>\r\nDuring the pandemic, shocks in global supply chain led to increases in price of labour and material by over 25% in most cases. For example, lumber futures peaked at $1,670 in May of 2021, which was more than double the starting price of $717 at the beginning of 2021. The price increases resulted in significant increases in all pre-construction properties. Additionally, some projects were no longer feasible. In the event of a market decline, construction activity slows and the price of labour and materials stabilizes. This is something we anticipate seeing given that we have already witnessed the peak. These supply chain issues have a direct impact to the lack of supply of new housing in most Canadian markets.\r\n\r\nOn the other hand, developments that were contracted at pre-covid pricing were built out as planned at normalized rates. What's shocking is that even at the earlier rates, some investors have not been able to earn healthy returns through pre-construction investing. Here is an example of a recent assignment that came up.\r\n\r\n<img class=\"wp-image-1293 aligncenter\" src=\"http:\/\/planulife.com\/wp-content\/uploads\/2021\/10\/Copy-of-DR-1015-x-395-px-900-x-395-px-800-x-395-px-1.png\" alt=\"\" width=\"680\" height=\"336\" \/>\r\n\r\nPerla Towers - Mississauga\r\n\r\n773 square feet\r\n\r\nAvailable at $615,000 ($796 per square foot)\r\n\r\nOriginal purchase price - $550,000 in 2018\r\n\r\nCouple of thoughts here. 1) New condo launches in Mississauga are over $1,200 per square foot. 2) It will cost more than $796 per square foot for a builder to build a similar unit. 3) Despite this, the investor that initially purchased the unit is on pace to only yield $28,000 after expenses [$65,000 gross less closing costs - $30,000, less capital gains tax budget $7,000].\r\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>WHAT'S YOUR BEST MOVE?<\/strong><\/span><\/p>\r\nDownsizers - it may be a good time to cash out of your home. Your <a href=\"https:\/\/bit.ly\/planulife-schedule-meeting\">Planulife Advisor<\/a> can review your automated home valuation report with you.\r\n\r\nUpsizer or First time home buyer - this is likely the most confusing market in the past decade. Investing now and waiting for the market to settle may be a good option so you get more selection of home options and likely will not have to bid against over 10 people to buy your home. Make sure to login to your <a href=\"https:\/\/app.planulife.com\/real-estate-financial-plan\">Planulife dashboard<\/a> to review your free Real Estate Financial Plan to review the numbers behind all of your options.\r\n\r\nInvestors -\u00a0 With multiple properties, right now might be a great time to cash out because higher interest rates will reduce your overall profit. Diversify your portfolio with a pooled investment such as the <a href=\"https:\/\/app.planulife.com\/investments\/community-fund\">Planulife Community Redevelopment Fund <\/a>and earn a 9% secured return tax efficiently through a registered account such as a TFSA or RRSP.","rendered":"<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><b>PLANULIFE REALTY ANALYSIS<\/b><\/span><\/p>\n<p>The Canadian housing sector moved from a moderate to high degree of vulnerability during the second quarter, with Toronto, Ottawa and Montreal among the markets at the most risk according to the Canadian Mortgage and Housing Corporation (CMHC).<\/p>\n<p style=\"text-align: center;\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-1272 aligncenter\" src=\"http:\/\/planulife.com\/wp-content\/uploads\/2021\/10\/Untitled-design-7.png\" alt=\"\" width=\"518\" height=\"362\" srcset=\"https:\/\/lifelonginvestments.ca\/wp-content\/uploads\/2021\/10\/Untitled-design-7.png 529w, https:\/\/lifelonginvestments.ca\/wp-content\/uploads\/2021\/10\/Untitled-design-7-300x209.png 300w\" sizes=\"(max-width: 518px) 100vw, 518px\" \/><\/p>\n<p>Home sales reached historic highs in 2021, but there was low evidence of excess inventories. This means that there were not a lot of vacancies among newly built and unsold housing units or rental apartments even though 25% of the housing market is owned by people with multiple properties. Toronto real estate sales may be cooling, but demand is still significantly outpacing supply, and prices are still rising at an increased pace over the sustained period.<\/p>\n<p>The statistics tell us that it\u2019s the suburban areas that are most affected by the overheating. The sales-to-new-listings ratio in the city, where there is plenty of condo supply, is 64%. Meanwhile, more people working remotely pushed the sales-to-new-listings much higher in Durham (86%), Halton (86%) and Peel (81%).<\/p>\n<p>The benchmark home price continued to climb in August, reaching $736,600. That\u2019s a 21% increase from a year earlier, with the cost of homes in Toronto and Vancouver now exceeding $1 million.<\/p>\n<p style=\"text-align: center;\"><strong>EXAMPLE OF A RECENT SALE<\/strong><\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" class=\"wp-image-1283 aligncenter\" src=\"http:\/\/planulife.com\/wp-content\/uploads\/2021\/10\/SOLD-white.png\" alt=\"\" width=\"396\" height=\"396\" srcset=\"https:\/\/lifelonginvestments.ca\/wp-content\/uploads\/2021\/10\/SOLD-white.png 500w, https:\/\/lifelonginvestments.ca\/wp-content\/uploads\/2021\/10\/SOLD-white-300x300.png 300w, https:\/\/lifelonginvestments.ca\/wp-content\/uploads\/2021\/10\/SOLD-white-150x150.png 150w\" sizes=\"(max-width: 396px) 100vw, 396px\" \/><\/p>\n<p>28 William Jose Crt.,Newcastle sold by Planulife Realty for $895,450 (up 28% annual) in October 2021<\/p>\n<p>August 2020 value $675,000, up 17%<\/p>\n<p>August 2019 value $550,000<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><b>PLANULIFE FINANCING ANALYSIS<\/b><\/span><\/p>\n<p>With interest rates expected to go up in 2022 we are predicting the curve will flatten as it did in 2017 when the Bank of Canada implemented the stress test making the qualifying rate 4.79%. This will cause housing prices to stabilize, and supply to meet the demand.<\/p>\n<p>The impact of a 1% hike in interest rate on a $800,000 mortgage on a 25 year amortization is $123,300 over the duration of the mortgage.<\/p>\n<table style=\"height: 176px;\" width=\"637\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\">Interest Rate<\/td>\n<td style=\"text-align: center;\">Monthly Payment<\/td>\n<td style=\"text-align: center;\">Monthly Principal Paid<\/td>\n<td style=\"text-align: center;\">Balance Remaining After 5 Year Term<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">2.50%<\/td>\n<td style=\"text-align: center;\">$3,583<\/td>\n<td style=\"text-align: center;\">$1,925<\/td>\n<td style=\"text-align: center;\">$677,103<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">3.50%<\/td>\n<td style=\"text-align: center;\">$3,994<\/td>\n<td style=\"text-align: center;\">$1,677<\/td>\n<td style=\"text-align: center;\">$690,240<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">Difference<\/td>\n<td style=\"text-align: center;\">$411<\/td>\n<td style=\"text-align: center;\">$248<\/td>\n<td style=\"text-align: center;\">$13,137<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5>Even after paying an additional $411 monthly towards your mortgage, since the principal pay down is less, you will still owe over $13,137 more after a 5 year term. The total difference over 5 years is $37,797 ($411*60 months=$24,660 + $13,137).<\/h5>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><b>PLANULIFE INVESTMENTS ANALYSIS<\/b><\/span><\/p>\n<p>During the pandemic, shocks in global supply chain led to increases in price of labour and material by over 25% in most cases. For example, lumber futures peaked at $1,670 in May of 2021, which was more than double the starting price of $717 at the beginning of 2021. The price increases resulted in significant increases in all pre-construction properties. Additionally, some projects were no longer feasible. In the event of a market decline, construction activity slows and the price of labour and materials stabilizes. This is something we anticipate seeing given that we have already witnessed the peak. These supply chain issues have a direct impact to the lack of supply of new housing in most Canadian markets.<\/p>\n<p>On the other hand, developments that were contracted at pre-covid pricing were built out as planned at normalized rates. What’s shocking is that even at the earlier rates, some investors have not been able to earn healthy returns through pre-construction investing. Here is an example of a recent assignment that came up.<\/p>\n<p><img decoding=\"async\" class=\"wp-image-1293 aligncenter\" src=\"http:\/\/planulife.com\/wp-content\/uploads\/2021\/10\/Copy-of-DR-1015-x-395-px-900-x-395-px-800-x-395-px-1.png\" alt=\"\" width=\"680\" height=\"336\" srcset=\"https:\/\/lifelonginvestments.ca\/wp-content\/uploads\/2021\/10\/Copy-of-DR-1015-x-395-px-900-x-395-px-800-x-395-px-1.png 800w, https:\/\/lifelonginvestments.ca\/wp-content\/uploads\/2021\/10\/Copy-of-DR-1015-x-395-px-900-x-395-px-800-x-395-px-1-300x148.png 300w, https:\/\/lifelonginvestments.ca\/wp-content\/uploads\/2021\/10\/Copy-of-DR-1015-x-395-px-900-x-395-px-800-x-395-px-1-768x379.png 768w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/><\/p>\n<p>Perla Towers – Mississauga<\/p>\n<p>773 square feet<\/p>\n<p>Available at $615,000 ($796 per square foot)<\/p>\n<p>Original purchase price – $550,000 in 2018<\/p>\n<p>Couple of thoughts here. 1) New condo launches in Mississauga are over $1,200 per square foot. 2) It will cost more than $796 per square foot for a builder to build a similar unit. 3) Despite this, the investor that initially purchased the unit is on pace to only yield $28,000 after expenses [$65,000 gross less closing costs – $30,000, less capital gains tax budget $7,000].<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>WHAT’S YOUR BEST MOVE?<\/strong><\/span><\/p>\n<p>Downsizers – it may be a good time to cash out of your home. Your <a href=\"https:\/\/bit.ly\/planulife-schedule-meeting\">Planulife Advisor<\/a> can review your automated home valuation report with you.<\/p>\n<p>Upsizer or First time home buyer – this is likely the most confusing market in the past decade. Investing now and waiting for the market to settle may be a good option so you get more selection of home options and likely will not have to bid against over 10 people to buy your home. Make sure to login to your <a href=\"https:\/\/app.planulife.com\/real-estate-financial-plan\">Planulife dashboard<\/a> to review your free Real Estate Financial Plan to review the numbers behind all of your options.<\/p>\n<p>Investors –\u00a0 With multiple properties, right now might be a great time to cash out because higher interest rates will reduce your overall profit. Diversify your portfolio with a pooled investment such as the <a href=\"https:\/\/app.planulife.com\/investments\/community-fund\">Planulife Community Redevelopment Fund <\/a>and earn a 9% secured return tax efficiently through a registered account such as a TFSA or RRSP.<\/p>\n","protected":false,"block_version":0},"categories":[{"term_id":10,"name":"Real Estate","slug":"real-estate","term_group":0,"term_taxonomy_id":10,"taxonomy":"article_categories","description":"","parent":0,"count":7,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/articles\/1258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/articles"}],"about":[{"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/types\/articles"}],"author":[{"embeddable":true,"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/comments?post=1258"}],"version-history":[{"count":37,"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/articles\/1258\/revisions"}],"predecessor-version":[{"id":1307,"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/articles\/1258\/revisions\/1307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/media\/1270"}],"wp:attachment":[{"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/media?parent=1258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}