The Vancouver Island real estate market continues to experience a shortage of homes for sale. The latest report from the Vancouver Island Real Estate Board indicates that demand continues to outstrip supply. Inventory of single-family homes fell 39% in January, compared to 2021 statistics for the same period. But it was 15% higher than December […]
The Vancouver Island real estate market continues to experience a shortage of homes for sale. The latest report from the Vancouver Island Real Estate Board indicates that demand continues to outstrip supply. Inventory of single-family homes fell 39% in January, compared to 2021 statistics for the same period. But it was 15% higher than December […]
If there is one thing in New Zealand that our main political parties can agree on, it is that the Resource Management Act 1991 (RMA) needs an overhaul. During its 30-year history, the two main political parties have regularly adopted piecemeal amendments. The result was complex and unwieldy legislation, unhelped by implementation problems and a […]
America’s suburbs are expanding again. Last year, single-family housing starts hit 1.123 million, the highest since 2006, according to the National Association of Home Builders, but options for potential buyers remain slim. Experts say the problems in the US housing market are tied to past political decisions. In particular, they say restrictive zoning codes limit […]
The city saw an 88% increase in new properties for sale in the last week of January compared to the same period in 2021, according to the latest figures from Rightmove. During this period, the average asking price for properties in Bexhill rose by 13% to £342,265, and the average time to find a buyer […]
The UK’s largest property site, Rightmove, has shared New Year’s supply hotspots where the number of new properties coming to market has increased. At the end of last year, demand exceeded supply, with the tuner of homes for sale falling to record lows. Estate agents had an average of 14 properties on their books, according […]
In the regional city of Townsville, a two-bedroom unit in the CBD could cost renters up to $570 per week. Key points: COVID has seen Townsville’s housing stock shrink as there is an excess of rentals in Melbourne Townsville’s vacancy rate is 0.7% Some estate agents think it’s too expensive to own an investment property […]
Breadcrumb Links Houses Canada Inaccurate forecasts of population and housing completions are one of the causes of the housing supply and affordability crisis in the GTA. Photo by Shutterstock Photography Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission on purchases made through links on this page. Content […]
Numbers: Pending home sales fell 3.8% in December, according to the monthly index released by the National Association of Realtors. The index measures transactions where the contract has been signed for the sale of an existing home, but the sale has not yet been completed. As such, it is an indicator of the direction of […]
Tea & Two Slices is a roundup of longtime local news by NEEDS frontman and veteran dishwasher Sean Orr, who lives and works in Gastown, keenly aware of his privilege. Vancouver’s population is declining for the first time in 45 years. I guess that doesn’t take into account the deaths from the heated dome or […]
New Mexico is short on housing, affordable or not, and rents are rising. Tenants have few options. On the opening day of this 30-day legislative session, tenant advocates demonstrated outside the Roundhouse demanding that lawmakers do more to protect tenants. Among other things, they wanted rent control. A rent control bill came to nothing in […]
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The next few months will likely be tough for Philadelphia-area homebuyers as they start the year with even fewer options than they had at the same time last year. Last month’s housing supply in the Philadelphia metro area was down 9% from December 2020 and about 35% from pre-pandemic levels in December 2019, according to […]
GREENVILLE, NC (Stacker.com) – The economics of real estate is both simple and complex. As with any other commodity, supply and demand drive costs in the housing market, and right now house costs are at an all-time high, an 18% increase since September 2020. But Factors creating record inventories and increased interest buying are varied […]
Executive Director Kate Davies comments: “Despite – and in some cases because of – the continued Covid-19 pandemic, 2021 has remained a very busy year for the housing market. Amid this continued demand, there are still many areas we need to focus on to support the market and ensure it is accessible to borrowers across […]
Executive Director Kate Davies comments: “Despite – and in some cases because of – the continued Covid-19 pandemic, 2021 has remained a very busy year for the housing market. Amid this continued demand, there are still many areas we need to focus on to support the market and ensure it is accessible to borrowers across […]
As housing prices soar across the country and here in Windsor-Essex, the province hopes funding to streamline building permits will help build more homes, faster. “Ontario is experiencing a housing crisis and it’s no secret,” Ontario Premier Doug Ford said Wednesday at the launch of a housing summit to gather ideas for solve the housing […]
Opinion: Government policies simply aren’t on the radical scale required to cut costs and prices enough to close the affordability gap In a 1978 episode of RTE’s Frontline, journalist Forbes McFall said, “There is now a general feeling that something is wrong with the housing market. Thousands of people can no longer afford to buy”. […]
Statistics released this week by Canadian real estate authorities show that while the inventory of homes available for sale in the country is at record highs, the pace of construction of new units is also slowing. The Canada Mortgage and Housing Corporation said Tuesday that the annual pace of housing starts in December fell 22% […]
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This year will bring provincial and municipal elections to Ontario. In the GTA, with housing inventories at near historic lows, strong housing demand and rapidly rising prices, housing supply and affordability will rank alongside the COVID-19 recovery as key drivers. electoral issues. The lack of housing supply exacerbates inequalities, slows down economic growth and threatens […]
TORONTO— Mike Schreiner issued the following statement in response to a new housing report that found Ontario has the lowest per capita housing supply of any province: “Ontario is dead last in housing supply per capita. We urgently need to change course. It is becoming increasingly difficult for Ontarians to find affordable housing. The housing […]
In an effort to quickly expand the city’s housing supply, Victoria is considering streamlining its application process for certain affordable and supportive projects. The changes would give housing projects owned and operated by non-profit or government organizations the maximum density allowed for the property in which the development was proposed – as defined in the […]
In an effort to quickly expand the city’s housing supply, Victoria is considering streamlining its application process for certain affordable and supportive projects. The changes would give housing projects owned and operated by non-profit or government organizations the maximum density allowed for the property in which the development was proposed – as defined in the […]
In an effort to quickly expand the city’s housing supply, Victoria is considering streamlining its application process for certain affordable and supportive projects. The changes would give housing projects owned and operated by non-profit or government organizations the maximum density allowed for the property in which the development was proposed – as defined in the […]
Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission on purchases made through links on this page. Content of the article This year will bring provincial and municipal elections to Ontario. In the GTA, with housing inventories at near historic lows, strong housing demand and rapidly rising prices, […]
In an effort to quickly expand the city’s housing supply, Victoria is considering streamlining its application process for certain affordable and supportive projects. The changes would give housing projects owned and operated by non-profit or government organizations the maximum density allowed for the property in which the development was proposed – as defined in the […]
Breadcrumb Links Columnists The numbers are in and it’s official: Saskatchewan has set a record for home sales in 2021. Publication date : January 12, 2022 • January 12, 2022 • 4 minute read • Join the conversation Saskatchewan set a record for home sales in 2021. Sales of 17,387 soared 17% from the previous […]
You can listen to this podcast via Apple podcast Where Spotify Where SoundCloud or listen to it via the player below: According to Frans Heijbel, Head of International Property Assets at Alecta, when it comes to build-to-let: “The UK market has huge potential, but it lacks bigger platforms, and I think the increase in the […]
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When we talk about the housing crisis, we usually tend towards what it looks like in numbers. Vacancy rates, waiting lists for affordable housing, average house prices, or the amount of individual income spent each month on housing. We continue to ignore much of the conversation at the local level. What exactly is causing this […]
Assuming the housing market had a balanced supply of housing relative to demand in 2000 (no deficit or surplus), we can track the excess or shortage of housing supply relative to demand cumulatively over time with gray bars. While we overbuilt relative to demand in the housing boom as household formation slowed, we have underbuilt […]
Picture file Clare Sinn Féin TD Violet-Anne Wynne spoke out against the treadmill effect of families in need of social housing and the number of homes being added to the social housing stock. Deputy Wynne said: ‘There are 3,000 people on the social housing waiting list in Clare. This number has not decreased much for […]
The intent behind federal government policy First Home Loan Deposit System is well placed, but good intentions do not necessarily translate into good policy. The winning soundbite that the government hopes will echo in the media is: “We are helping young people buy their first home sooner”. This is a result worth pursuing. Home ownership […]
Housing Minister says housing supply will finally meet demand in coming years. “What we have projected this year is that 2023 will be a very important year to get over that 30,000 figure, which is really important. “ But experts say more needs to be done to bring prices down and make homes affordable. Housing […]
HousingWire Editor-in-Chief, Sarah Wheeler, had the opportunity to sit down with Autumn Barkhuff, CoreLogic Principal of Program Management, to talk about potential housing market trends in 2022 and how real estate analytics can help decision-making. of decision. “So in an ever-changing market that’s really filled with scattered data sets, real estate analytics becomes really essential […]
This story was updated at 3 p.m. Dec. 21, 2021, to clarify that the bill only applies to some developers, not all, who aim to build affordable housing. Elected officials, county housing staff and nonprofit affordable housing providers are optimistic that a new tax change can help create more affordable housing across the county. The […]
A wide range of stakeholders representing tenant households and landlords agree that proactive efforts are needed to protect tenant safety and enable landlords/managers to sustainably manage and operate their properties, according to a new ULI report. Stable Residents, Stable Properties concludes that finding common ground among rental market stakeholders is critical to creating strong housing […]
After being introduced in Parliament eight weeks ago, the Resource Management Amendment Bill (allowing the supply of housing and other matters) (Bill) passed its third reading this week and is now awaiting Royal Assent. In our previous article, we explained the intention of the proposed bill to accelerate the densification already anticipated in the National […]
Click to enlarge Derek Brower©️ Seven days Mayor Miro Weinberger Mayor Miro Weinberger will push for major zoning changes in the South Burlington neighborhood and beyond in an effort to ease the housing crisis, he announced Thursday. Weinberger released a 10-point plan to open up areas of the city to builders. The aim is to […]
Press release December 16, 2021 Today City Council approved details of the implementation of a Vacant Housing Tax, which will be levied on vacant properties from January 2022. The purpose of the tax is to help the availability and affordability of the housing stock on the market by creating a disincentive effect for owners to […]
Tuesday, December 14, 2021, 7:20 p.m.Press Release: New Zealand Government New law allows construction of three homes up to three stories high on most freehold sites Allows the construction of tens of thousands of new houses in the next 5 to 8 years Existing housing density rules brought forward by one year Legislation to cut […]
The housing stock has been a critical issue for the British Columbia real estate market and for the Canadian housing market in general. From a scarcity of real estate listings to months of record inventory, it has become increasingly difficult for homebuyers to achieve the Canadian dream of home ownership. Even if young families and […]
An outdated office building in downtown Halifax will be given a new lease of life with a transformation that will turn it into a mixed-use building with an affordable housing component. To ease the city’s housing supply crisis, half of the Centennial Building – a 54-year-old office tower at 1660 Hollis Street – will be […]
Breadcrumb Links Toronto and the GTA Columnists Once we have even a small degree of understanding of who is driving the bus here, only then does it really make sense to consider what kinds of measures, if any, are worth worth considering to calm things down. Publication date : December 11, 2021 • December 11, […]
Affordable accommodation in Kingsmead, Wooler. An analysis by the New Economics Foundation (NEF) claims that the supply of social and affordable housing in both regions could suffer massively due to labor and material shortages, Covid-19 and Brexit. When new housing developments are approved, local councils can require developers to make a percentage of their new […]
Toronto Insiders Written by guest author Published: 16:01 Dec 10 2021 This article was submitted by Kevin Crigger, Chair, Toronto Regional Real Estate Board Housing affordability is one of the biggest challenges facing Toronto and the entire region. Governments at all levels have begun to make this issue a priority, thanks in part to the […]
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Peterborough’s vacancy rate could nearly double if short-term rentals, which include houses, apartments and single rooms, are added to the potential pool of rentals in the city and county of Peterborough. The vacancy rate was 2.6% for 2020, according to the Canada Mortgage and Housing Corporation, but local housing advocates say the rate could improve […]
Giving households access to “unsustainable” amounts of credit to buy homes will not lead to a sustainable supply of much-needed properties, Central Bank Deputy Governor Sharon Donnery said Thursday. The comments underscore the Central Bank’s reluctance to introduce major changes to its mortgage lending restrictions as it continues to conduct a comprehensive review of rules […]
Rigid single-family zoning policies deprive residents of more choices — it’s especially problematic for those who don’t want big homes, like the older Cedar Rapidians AARP chart on types of secondary suites, courtesy of the City of Cedar Rapids Cedar Rapids has an idea to bolster housing options and potentially start addressing other city priorities […]
House price inflation has remained consistently high over the past four months, according to RICS. Photo: Getty The UK housing market is going through a dry spell, with new listings falling in November, according to the latest residential market survey from the Royal Institute of Chartered Surveyors (RICS). A drop in the number of new […]
Photo/Brett Jordan The good news is that the economy is recovering strongly, the bad news is that housing supply continues to lag and that is a significant issue. On December 7, NH Housing presented an online webinar, Economy 2022: Growing or Slowing, with economist Elliot Eisenberg, PhD. Eisenberg is a former economist for the National […]
One of the main drivers of real estate value in any given market is the supply and demand for housing. A balanced market means a healthy supply of buyers and sellers achieving slow but steady growth in house prices over time. But when that balance is out of whack, it can drive prices down or […]
Mayor says government’s failure to protect capital’s transport networks is a ‘failure of duty’ to the country Sadiq Khan has issued a fresh appeal to the government to provide sufficient long-term funding for Transport London claiming that housing supply as well as transport services will be damaged if a satisfactory agreement is not reached, and […]
Ottawa’s real estate market remained buoyant as temperatures plummeted in November, with prices rising 19%. However, the Ottawa Real Estate Board warns that current housing inventory is “far below what it should be” to meet demand, driving up prices for buyers in Ottawa. “It’s just not sustainable and takes us further away from the balanced […]
The city’s tight housing supply is ‘not sustainable’ if a more balanced market is to be achieved in the coming months, the head of the Ottawa Real Estate Board warned Friday, as home prices increased by 19% in November compared to a year earlier. The average residential-class home sold for $716,992 last month, up from […]
Announced last month, their amendment to the Resource Management Act is a bold move, traveling at high speed, to tackle New Zealand’s housing crisis. Today, Jessie Chiang from The Detail looks at what the new bill changes and the case for not leaving our green spaces behind. Simon Wilson is a senior editor at the […]
BRACEBRIDGE – Ontario Greens Leader Mike Schreiner was in Bracebridge with Ontario Greens candidate for Parry Sound-Muskoka Matt Richter today to highlight the Ontario Greens’ plan to dramatically increase the housing supply by expanding zoning options in residential areas. “I spent the morning meeting with local residents and their voices are clear: There is a […]
The net number of new homes delivered in England has fallen to the lowest figure in five years after the construction industry was hit by COVID-19 closures and restrictions. Image: Getty dividing lines The net number of new homes delivered in England has fallen to the lowest figure in five years after the construction industry […]
Breadcrumb Links Real estate The construction of thousands of new homes is necessary to properly close the gap between supply and demand Publication date : November 19, 2021 • November 19, 2021 • 3 minute read • Join the conversation Vancouver’s annual empty home tax report for 2019, the latest available online, identified 6,025 vacant […]
As housing growth is an important factor driving other aspects of urban development, failure to meet demand in residential construction activity can have spillover effects on overall construction activity. Unfortunately, a recent report by the Home Builders Institute (HBI), based on research by the economics group of the National Association of Home Builders (NAHB), shows […]
According to a report by the BC Real Estate Association, British Columbia’s housing market is at an all-time low in terms of supply, even as house prices soar. This means potential buyers in Metro Vancouver need to look beyond Fraser Valley suburbs and travel even further to find lower housing prices. The report, released on […]
Gautam Bhan: Migrants are not anonymous bodies arriving only in housing markets marked by supply and demand. They are part of deep identity movements that are shaped in certain ways. So why don’t we learn from migrants how they produced this housing and what can we do to make this process easier, shorter and better. […]
Record housing supply isn’t just a problem in Metro Vancouver, according to a new report from the British Columbia Real Estate Association (BCREA). The association said Wednesday that just under 9,600 homes were sold in October, down 13.7% from the same month a year ago. Read more: British Columbia to introduce ‘cooling off periods’ amid […]
The demand for housing in Nelson-Tasman still exceeds the supply of new homes, leaving the area one of the least affordable in the country. A report on the state of housing in the area outlined some of the reasons for the current shortage, which was discussed at a meeting of Nelson City Council on Tuesday. […]
Local housing prices continued to rise last month amid a supply crunch, prompting the city’s real estate board to suggest Ottawa’s frothy rental market could encourage investors to hold onto properties. income-generating properties rather than selling them. The average residential-class home sold for just over $716,000 in October, a 19 per cent jump from a […]
A housing shortage continues to challenge the Fraser Valley Real Estate Board (FVREB), which is reporting another good month for sales as well as another bad month for new listings. Sales were the third highest on record in October, but their home inventory is half what it was in the same month last year. That […]
OTTAWA — Ottawa’s housing market returned to pre-pandemic sales levels last month; however, the lack of supply of homes for sale continues to push prices up. The Ottawa Real Estate Board reports that 1,677 residential properties were sold in Ottawa in October, compared to 2,132 in October 2020. The 1,677 properties sold in Ottawa last […]
A housing shortage continues to challenge the Fraser Valley Real Estate Board (FVREB), which is reporting another good month for sales as well as another bad month for new listings. Sales were the third highest on record in October, but their home inventory is half what it was in the same month last year. That […]
With demand significantly outstripping supply in many parts of British Columbia, the cost of housing has increased dramatically during the COVID-19 pandemic. The British Columbia Real Estate Association (BCREA) has argued that increasing the supply of market housing is key to making home ownership more affordable for British Columbians. That’s why the provincial government’s recent […]
In a rare show of unity, Labor and National have teamed up to bring a radical new housing policy to life. The Resource Management Amendment Bill (allowing the supply of accommodation and other matters) (the “Bill”) proposes amendments to the Resource Management Act 1991 (“RMA”) to advance and strengthen the National Policy Statement on Urban […]
Homebuilders are scrambling to build new homes, but supply and labor shortages are slowing them down, creating a housing shortage in the United States (iStock) House prices have skyrocketed over the past year as imbalances between supply and demand have grown in the housing market. As current owners are reluctant to sell their homes in […]
Breadcrumb Links Toronto and the GTA Opinion Real estate in the Toronto area is in the midst of an affordability crisis that can only be resolved through government cooperation, says TRREB Publication date : October 08, 2021 • October 8, 2021 • 3 minute read • 6 comments Residential home sales in Metro Vancouver are […]
Vancouver, BC – October 7, 2021. The British Columbia Real Estate Association (BCREA) has released a report quantifying the imbalance between supply and demand in the British Columbia housing market during the COVID-19 pandemic. BCREA’s recent Market Intelligence report, Imbalance: housing supply and demand during the pandemic, at the height of market activity in March […]
Growth in northwest Arkansas continues. Following the release of census data in August that showed Fayetteville was now the second-largest city in the state, an article published by online media company Visual Capitalist ranked the northwest metropolitan area of Arkansas as the sixth fastest growing metropolitan area in the nation. It seems almost certain that […]
Terra have submitted plans for 30 homes with extensive landscaping and open public space, located on the outskirts of the village of Callow End in south Worcestershire. Malvern Hills District Council cannot currently demonstrate a five-year housing supply, which the proposed scheme could help alleviate. The 5.7 acre site in Old Hills is east of […]
A housing body has raised housing affordability concerns in NSW after data showed a drop in the number of new homes being built in Sydney in 2020-21. The Property Council of Australia has called for greater action on housing supply after the New South Wales government released data showing a decline in supply in the […]
A $34 million renovation of an 18-story skyscraper has created 146 new affordable housing units for seniors in North Hamilton. City and federal government officials cut the ribbon Friday morning to mark the completion of the project on MacNab Street North, which overlooks the West Harbor. Newly elected Liberal MP Chad Collins, outgoing chairman of […]
Housing supply in Canada was falling short of demand even before COVID hit, a situation the pandemic has highlighted. It’s not that homebuilders have been idle. Housing starts over the past 12 months have been the strongest since the mid-1970s, and the number of homes under construction is at an all-time high. The problem is […]
Governor Newsom’s plan to return to California will lead to more than 84,000 new homes and an end to homelessness, including today’s announcement of $1.75 billion in housing funding affordable for new california housing accelerator SB 8 extends Housing Crisis Act of 2019 to further boost housing production SB 9 gives landlords additional tools to […]
by Gabbriel Schivone Realtors® are members of the National Association of Realtors® Maggie Amado-Tellez, a nonprofit leader and REALTOR® member of the National Association of REALTORS®, has always aspired to buy her own home. And, once she realized that dream, she made it her mission to make sure others could do the same. Amado-Tellez’s homeownership […]
The top five candidates in Atlanta’s mayoral race, according to the latest polls, tackled one of the city’s thorniest issues Tuesday night: how to boost Atlanta’s housing supply. Their answers came during a forum in front of a few hundred real estate professionals at Clark University in Atlanta. It was organized by the Council for […]
Breadcrumb Links MoneyWise Pro To borrow money Buzz builds around technology, which helps produce low-cost homes Author of the article: Publication date : Sep 14, 2021 • September 14, 2021 • 4 minute read • Join the conversation Matjazz / Shutterstock Content of the article The horror story that is the Canadian housing market has […]