Housing supply

Ottawa housing shortage is creating ‘upside pressure’ on prices, says OREB

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 […]

Housing supply

The current housing shortage is “not sustainable”, warns the president of the OREB

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 […]

Housing supply

The pitfalls of the housing supply permit bill and other issues

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 […]

Housing supply

Ontario Greens to increase housing supply in Parry Sound-Muskoka by expanding zoning options

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 […]

Housing supply

Inside Housing – News – Housing supply falls to lowest level in five years as pandemic takes its toll

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 […]

Housing supply

The Problem With Vacant Housing Taxes When Trying To Address Housing Supply Problems

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 […]

Housing supply

Lack of skilled labor in construction weakens housing supply and affordability

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 […]

Housing supply

Historically low housing supply in British Columbia, even as prices rise, report says

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 […]

Housing supply

IE Thinc Migration: “Increased housing supply is necessary, not sufficient”

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. […]

Housing supply

Low housing supply is a problem across British Columbia, real estate association says – BC

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 […]

Housing supply

Housing supply continues to struggle to meet demand in Nelson-Tasman

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. […]

Housing supply

Soaring rents could be a factor in housing shortages, says OREB

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 […]

Housing supply

Housing shortage continues into October, Fraser Valley Real Estate Board reports – Abbotsford News

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 […]

Housing supply

Lack of housing supply drives up Ottawa home prices, report says

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 […]

Housing supply

Housing Shortage Continues Through October, Fraser Valley Real Estate Board Reports – Agassiz Harrison Observer

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 […]

Housing supply

BC Government Taking Positive Steps to Increase Housing Supply, But Incentives Needed to Encourage Action

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 […]

Housing supply

The RMA bill “Facilitating the supply of housing” – removal of administrative formalities for the intensification of housing | Denton

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 […]

Housing supply

Housing supply cannot keep up with demand, says NAHB CEO, but solution to ‘looming crisis’ must be found quickly

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 […]

Housing supply

WILD: Housing supply in the GTA is tight to last for the foreseeable future

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 […]

Housing supply

Imbalance: housing supply and demand during the pandemic

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 […]

Housing supply

NWA cities strive to expand housing supply to accommodate region’s growth

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 […]

Housing supply

Plans to ease housing shortage in South Worcestershire

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 […]

Housing supply

Concerns over housing shortage

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 […]

Housing supply

North High-Rise Renovation Adds to Hamilton’s Affordable Housing Supply – Hamilton

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

Homebuilders tackle Canada’s housing shortage

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 […]

Housing supply

Governor Newsom Signs Landmark Legislation to Boost California Housing Supply and Tackle Housing Crisis

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 […]

Housing supply

How advocates are tackling housing supply to help close the homeownership gap

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 […]

Housing supply

At Real Estate Forum, leading mayoral candidates discuss Atlanta housing supply

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 […]

Housing supply

Could 3D printed houses solve Canada’s housing supply problem?

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 […]

Housing supply

Real Estate Trends: Housing Supply and Demand Expected to Grow This Festival Season

In the Mumbai Metropolitan Area (MMR) alone, consultants expect 2 million square feet of launches over the coming festive months with 25-30 major launches expected. The upcoming holiday season is expected to spoil customers for choice in the residential real estate industry. After witnessing lukewarm launch momentum for several years and last year’s pandemic-hit season, […]

Housing supply

RESCON: Blaming slow approval process for lack of housing supply

Breadcrumb Links New homes and condos Houses Publication date : Sep 13, 2021 • September 13, 2021 • 3 minute read • Join the conversation The shortage of new housing has contributed to the rising cost of housing; prices for new construction and existing homes have surged. Reviews and recommendations are unbiased and products are […]

Housing supply

Increase the supply of affordable housing by lowering the bond limit | Housing Finance Magazine

While our society is still reeling from a devastating pandemic, we need to think about rebuilding a more sustainable, resilient and socially just economy than the one we had before COVID-19. This goal cannot be achieved without confronting the overwhelming shortage of affordable and safe housing in our country’s economic engines like New York and […]

Housing supply

Housing Supply, Affordability at ‘Crisis Point’ in Illawarra: UDIA Report | Mercury of Illawarra

news, latest news, Illawarra and Shoalhaven are at a “point of crisis” as the area faces a rapidly dwindling supply of serviced land for development. That’s according to a new report, which also says the critical shortage of new homes is spreading across the region and having a major impact on “deteriorating” housing affordability. The […]

Housing supply

The ‘new generation’ of construction workers is needed for housing supply

Meeting the demand for skilled workers to increase housing supply to an average of 33,000 homes per year, combined with the renovation of 500,000 homes under the government’s climate action plan by 2030 “is a huge challenge,” said Environment and Climate Minister Eamon Ryan. But, on the day of the announcement of the results of […]

Housing supply

White House announces measures to boost supply of affordable housing

The Biden administration on Wednesday announced a series of political maneuvering intended to expand the supply of affordable housing amid a record rise in house prices. The White House said Wednesday that the Department of Housing and Urban Development (HUD), the Department of the Treasury and the Federal Housing Finance Agency (FHFA) would expand and […]

Housing supply

White House to unveil measures to ease housing shortage

WASHINGTON — The Biden administration is set to unveil a series of measures aimed at addressing America’s shortage of entry-level homes and rental properties, according to people familiar with the matter, measures designed to boost their financing and their construction over the next few years. The changes would rely on the administrative authority of government […]

Housing supply

Supply of social housing | Tasmanian Green MPs

Question from Mrs O’CONNOR to the MINISTER of HOUSING, Mr FERGUSON Mr. Speaker, the acting Prime Minister’s responses together took up about 12 minutes of the House’s time. I’m just pointing out that today’s answers have been very long so far. Ms. Ogilvie – You didn’t even ask for indulgence. Mrs. O’CONNOR – I ask […]

Housing supply

Refsa urges the government to increase the supply of affordable housing | Daily Express Online

Refsa urges the government to increase the supply of affordable housing Published on: Tuesday August 17th, 2021 By: Bernama Text size: Kuala Lumpur: Malaysia needs to increase its supply of affordable housing and ensure that selection procedures are consistent and transparent. Research for Social Advancement (REFSA) researcher Lillian Wee said the Covid-19 pandemic has amplified […]

Housing supply

Posthaste: It’s not just about demand, housing supply growth may also have peaked in Canada after a burst of activity

Good morning! Investment in residential construction hit a record $43.4 billion in the second quarter of this year – topping $40 billion for the first time – but could start to cool off after a period of sustained growth. According to new data from Statistics Canada, investment in residential construction fell 5.8% to $13.8 billion […]

Housing supply

Scarcity of housing supply highlighted as average rents rise

Average rents for residential properties increased by 5.6% nationwide between April and June, according to the latest quarterly rentals report from website Daft.ie. The report shows rents rising faster outside of Dublin and a record number of properties available to let. Daft.ie’s rental report for the second quarter of this year shows the biggest difference […]

Housing supply

Is there really a housing shortage?

Housing supply has kept pace with population growth, it’s just that there are fewer properties available for homeowners to buy, according to a real estate analyst. The post-lockdown housing market boom had seen house prices soar and the lack of supply was often cited as one of the main reasons for this. But new analysis […]

Housing supply

Allowing elected officials to increase housing supply is democratic

In summary To meaningfully address the interrelated issues of climate change, wildfire risk, and housing affordability, land use policies in California must change. Senate Bill 10 provides a good starting point. By Christopher S. Elmendorf, special for CalMatters Christopher S. Elmendorf is a professor of law at the UC Davis School of Law, cselmendorf@ucdavis.law.edu. California’s […]

Housing supply

Tax changes will have a ‘chilling effect’ on housing supply

Any hope of large-scale build-to-let development will vanish unless the government rethinks its new tax policies for investors, the Property Council has said. When the government announced in March that it would phase out the ability for property investors to offset interest charges against rental income, it was unclear what this would mean for the […]

Housing supply

Saudi new housing supply jumps 29% in first quarter of 2021

Ukrainian government launches official website for crypto donations: Crypto Moves RIYADH: Ukraine’s Ministry of Digital Transformation has launched the official Aid For Ukraine website to raise cryptocurrency funds to support the country’s armed forces and humanitarian aid programs in its war against Russia. The crypto donation platform is in partnership with staking service provider Everstake […]

Housing supply

Covid pandemic hits housing supply and starts down 59% in April-June

Economic uncertainty caused by the second wave of the coronavirus pandemic has forced property developers in India to take a more cautious approach to spending, which is reflected in the new supply figures for the April-June period. (Q2) of 2021, said a PropTiger report. A total of 21,839 new units were launched […]

Housing supply

Emergency housing supply crisis

A total of 1,521 households in Sligo are currently on the housing waiting or transfer list, last week’s council meeting announced. The response issued by Chief Executive Joe Murphy said those on Housing Assistance Payment (HAP) and awaiting transfer amounted to 763 households, with another 202 households, such as council tenants, tenants of approved housing […]

Housing supply

Are tenant protections reducing the supply of rental housing?

Governor Inslee has yet to announce whether and in what form he will extend Washington state’s eviction moratorium beyond the end of this month, when it is due to expire. But in the meantime, the cities of Kenmore, Kirkland and Seattle have all extended local moratoriums through Sept. 30, and Seattle and Kenmore have both […]

Housing supply

Rising construction costs ‘could reduce housing supply and raise prices’

Rising construction costs could hamper the supply of new homes and fuel a further increase in existing home prices, Bank of America warned. In a detailed report on the Irish housing market, Bank of America said current house price increases have been “stronger than expected”. He said he still expects Irish property prices to “maintain […]

Housing supply

New housing supply report warns of impending crisis for WA – The Market Herald

Subscribe Be the first with news that moves the market Perth is facing a housing supply crisis, with demand set to outstrip supply over the next three years, according to a recent report “If we continue to move forward in a ‘business as usual’ fashion, there is no doubt that we are headed for a […]

Housing supply

Stop new rental regulations to preserve housing supply

The Seattle City Council’s manipulation of the tenant-landlord relationship is fraught with toxic consequences. Mayor Jenny Durkan is expected to veto three housing bills passed by an excessive council majority on Monday to force council members to publicly debate the issue a second time if they try to override her vetoes. The bills make it […]

Housing supply

“Five to seven years” to solve the problem of housing supply

Steps taken to tackle the housing supply problem won’t yield immediate results, but experts say the supply-demand equation will improve – eventually. Years of underconstruction, especially after the global financial crisis of 2008, meant that housing supply did not keep pace with a rapidly growing population. The result is that there are not enough homes […]

Housing supply

New Brunswick rent review recommends increasing housing supply and revising rental law – New Brunswick

A 90-day review of New Brunswick’s rent situation was released three days ahead of schedule and includes recommendations on how to increase housing stock and better protect tenants. The review includes 12 recommendations divided into four broad categories: strengthening existing services; increase rental supply; a review of tenancy legislation; and increasing human resources in the […]

Housing supply

GR Chamber pushes state bills to meet housing supply

GRAND RAPIDS, Mich. (WOOD) — The Grand Rapids Area Chamber of Commerce is leading a new coalition tackling the state’s housing crisis. Housing Michigan is made up of the Chamber, the Home Builders Association of Michigan, the Michigan Municipal League, Michigan North, and more than a dozen other organizations committed to development and rehabilitation. “Housing […]

Housing supply

Atlanta’s housing shortage is expected to continue for some time

The housing shortage is expected to worsen as buyer demand continues to outpace inventory levels, according to a new study. As the spring home buying season begins, HouseCanary’s latest Market Pulse report compared data between March 2021 and March 2020 and found that the volume of new monthly listings nationally was down 11.5 % year […]

Housing supply

First 100: Biden enters housing supply minefield

It’s April 9, 2021 and welcome to First 100. You can sign up to receive First 100 by email by clicking here. Leader Housing is a universal need, and it is so linked with personal enrichment, economic health (see the financial crisis), inequalities, transport, and even the climate that it quickly transforms into a subject […]

Housing supply

Report Finds Insufficient Affordable Housing Supply in Delaware

The Gap: A Shortage of Affordable Homes, a report released March 18 by the National Low Income Housing Coalition and Housing Alliance Delaware, finds a national shortage of nearly 7 million affordable and available rental units for very low-income renter households. , those with incomes at or below the poverty line or 30% of the […]