For some time now, storm clouds have been gathering over the housing market. But today the crisis is there and threatens our economic recovery. Young people can no longer enter the housing market and start a family. High prices are causing a talent drain as people seek more affordable living conditions. While immigration is expected […]
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Megatrends Squeeze Housing Supply in Spokane Amanda Beck, Assistant Planner II, 509.625.6414 Thursday March 10, 2022 at 2:28 p.m. Why is housing getting expensive in Spokane? Organizations in the Interior Northwest are working hard to address the current housing affordability crisis. The city’s effort to shape housing in Spokane is an extension of the Housing […]
ANNAPOLIS, Md. – Maryland voters’ concerns about housing availability, housing affordability and rent affordability have increased by double digits starting in 2020, according to a survey conducted by American Strategies for Maryland REALTORS®, the largest association commercial service serving more than 28,000 REALTOR® members in Maryland. As part of Maryland REALTORS®’ “Open Doors to Stronger […]
A survey of towns in South Australia’s industrial north shows that housing availability is falling short of projected population growth for the region. Key points: A population growth target of 9% has been projected in parts of South Africa Pressure on housing affordability pushes up rents Workers occupy 98% of tourist accommodation The survey by […]
Democracy Watch is The Pointer’s weekly report aimed at increasing public awareness and political engagement in Peel Region by highlighting key agenda items, motions and decisions. municipal Council Date: March 2 | To delegate | Full agenda | Watch live Alternative voting methods will cost Brampton $372,050 for municipal elections Ahead of the 2022 […]
We’re only a few months away and 2022 has already been a whirlwind year for the real estate world. Mortgage rates have reached highs not seen since pre-pandemic, but even so, buyer demand has surged. Indeed, according to the real estate brokerage red finalmost three out of four buyers are now faced with a higher […]
Australia could face a “worrying” housing deficit of more than 160,000 homes over the next decade, according to new projections. The National Housing Finance and Investment Company Housing State of the Nation 2021-2022 The report shows that when net migration overseas returns to pre-covid levels by 2024-2025, the number of new households will begin to […]
Experts warn Western Australia will face a crisis when the hard border falls this week – and no, it’s not the threat of Covid spreading. The dismantling of Western Australia’s hard border this week has been widely welcomed, but experts are warning a ‘crisis’ is looming – and it’s not the threat of spreading Covid-19. […]
The lack of affordable housing in Manatee and Sarasota counties is a major obstacle for police departments trying to attract new recruits to Southwest Florida, law enforcement officials said Thursday. . At a law enforcement roundtable hosted by U.S. Representative Vern Buchanan, R-Longboat Key, sheriffs and police chiefs lamented the negative impact of the housing […]
The National Housing Finance & Investment Corporation (NHFIC) released its second report on the state of the nation’s housing yesterday, showing that while housing supply may appear healthy in the short term, there is in fact a major housing crisis. offer on the horizon. Australian Property Council chief executive Ken Morrison said the report shows […]
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Richmond Hill Mayor David West welcomes some of the plans for a new provincial report on affordable housing, but he also finds some of the recommendations “deeply concerning”. the Report of the Task Force on Housing Affordability in Ontario published on February 8 proposes changes that would give the province the power to impose standards […]
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WATERLOO REGION — Recommendations from a provincial housing task force could help bridge the housing gap in Waterloo Region, according to local groups. Hold the Line Waterloo Region and Waterloo Region Yes In My Backyard say some of the Housing Affordability Task Force’s recommendations could help get more low-density projects built in existing neighborhoods. “One […]
Shaurice Bacon feels stuck in her home, an apartment with not enough space for her family. She lived in public housing in Bridgeport for two decades. She researched other low-cost apartments, applied to housing choice voucher programs, and explored rent-to-own options. She expanded her search to include Hartford, New Haven, New Britain and anywhere in […]
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Steve Pomeroy of Focus Consulting said Canadian census data showed around 8% of homes, or 1.3 million, are not in full-time use by “usual residents”.DARRYL DYCK/The Canadian Press New census data released last week shed light on whether high house prices are simply the result of a lack of housing supply. Many industry pundits and […]
‘There is no housing for people who do fairly standard jobs here,’ says Mayor Alar Soever Town of Blue Mountains (TBM) council and staff have been pressed to provide feedback on the report of the provincial Affordable Housing Task Force, which aims to build 1.5 million homes in Ontario over the next next decade. Released […]
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A drawing of a proposed condo tower for Belmont Village in Kitchener. The old real estate adage reminded us that it was all about “location, location, location”. Lately it’s starting to sound a lot more like “supply, supply, supply”. Ontario’s just-released report from its Housing Affordability Task Force points bluntly to the supply needed, calling […]
To overcome the geographic constraints of Metro Vancouver, a new report calls for soft densification of low-density neighborhoods in the region to help improve housing affordability and supply. To date, most of the area’s growth has come from the redevelopment of former industrial land into high-density residential uses and the concentration of growth around major […]
TORONTO — Ontario’s Housing Affordability Task Force is calling for higher housing density and simplified urban design rules as part of a package of reforms that could increase housing supply in the province . The task force’s recommendations include five key strategies to rapidly increase market housing supply to meet the goal of adding 1.5 […]
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Aurora Mayor Tom Mrakas is “really disappointed” with a new provincial report on affordable housing which he says could open the door to worrying levels of development. “Apparently the solution to the housing affordability crisis is to limit public participation and allow developers to build what they want, where they want,” he said in a […]
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Ontario’s Housing Affordability Task Force makes little mention of affordable housing construction or the speculation and investment buying that many believe is driving up home prices. But among its 55 recommendations released on Tuesday, critics and politicians agreed that the proposal to end exclusionary zoning – the restriction that closes 70% of residential land in […]
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Released Tuesday, the report also says the province should declare that up to four units, with up to four stories, will be allowed “as of right” — automatically without rezoning.Fred Lum/The Globe and Mail Zoning rules that ban all but single-family homes in swathes of Ontario cities must end to solve the housing crisis, says […]
A new study by UCLA Professor Shane Phillips, Build the “zoning buffer”: use large upstream areas to increase housing capacity without increasing land valuesemphasizes the need to maintain sufficient zoning stamp—the gap between the existing housing stock and the maximum number of units permitted by current zoning—to increase housing affordability. Phillips’ research indicates that urban […]
New Brunswick is expanding the Canada-New Brunswick Housing Benefit program to include more low-income working families in the province, Social Development Minister Bruce Fitch announced in December. While any investment in housing is essential to the well-being of New Brunswickers, housing advocates and academics worry that the short-term, targeted approach of this benefit will do […]
IN 2021, HOME prices rose an average of 12.8% nationally over the year to November, according to the CSO. Within a year or two, prices should return to their Celtic tiger peak. Meanwhile, the average rental cost is already 32% higher than its pre-Great Recession peak of 2008 and continues to rise rapidly due to […]
Breadcrumb Links News Local News Bridge Street United Church program director Steve Van de Hoef, above in 2018, led several local counts of the local homeless population. Photo by Luke Hendry Content of the article The latest report on homelessness in Hastings County shows a need for – and recommends providing – services to help […]
(Current Missoula File Photo) (Daily Montanan) Industry leaders and economists have been on a sort of tour of cities across the state this winter with a singular message: Low housing affordability continues to plague Montana and Montanans in the third year of the COVID-19 pandemic, even in the midst of economic conditions. recovery in other […]
In this opinion piece, ACT Liberal Senator Zed Seselja argues that it is the ACT Labour-Green government’s deliberate pressure on the land supply that is at the heart of the housing crisis. ACT housing. Did you see last week new data released by Allhomes announcing that the median house price in Canberra has jumped 36.6% […]
PHOENIX, Ariz. (KYMA, KECY) – New legislation regarding housing affordability was recently sponsored by State Representatives Steve Kaiser and Cesar Chávez. “The supply of available housing in Arizona has not kept pace with demand, making it harder for Arizona families to find affordable housing,” Rep. Kaiser said. “The biggest impediment to increasing housing supply is […]
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 […]
This year, the budget is expected to provide more incentives for people to buy their own homes. By Atul Monga With record high mortgage interest rates and a sudden surge of remote working, the real estate industry has seen strong growth lately. After a lackluster 2020, 2021 was a real bargain for the housing sector […]
The advantage of finding a new space is that CHOC can reinvent a new type of shelter. He plans to find a building large enough for each individual to have an “efficient apartment” type space, with their own bedroom and bathroom – compared to a large room with 50 beds, for example. These private rooms […]
By staff January 26, 2022 BURLINGTON, ON Marcello Alaimo, operator of Exquisite Living, has posted some comments on the draft housing task force which is due to release the report and its 58 recommendations at the end of the month. The task force tasked with finding ways to make housing in Ontario more affordable wants […]
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Unless you were rushing Netflix and the fleas and never getting airborne, you sure wouldn’t have missed house prices hitting ‘forget it’ level for the majority of the locals. of the Golden Horseshoe. Some commentators argue that the lack of land limits the ability to build new homes, thereby driving up prices, and that a […]
The COVID-19 pandemic has worsened an already severe housing crisis. As property values and housing costs soar downtown, low-income residents are being pushed further to the east and west sides of Indy, disrupting communities and established support systems. We now have the opportunity to begin to address the housing crisis and its devastating effects through […]
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% […]
Breadcrumb Links Opinion Columnists Publication date : January 17, 2022 • 16 minutes ago • 3 minute read • Join the conversation A real estate sign reading ‘For Sale’ and ‘Sold Above Demand’ in Vaughan. Photo by Mark Blinch /Reuters Content of the article Overcoming the housing affordability crisis in Ontario requires coordinated leadership from […]
Perth is eyeing the barrel of a potential housing crisis as labor shortages account for more than a third of the city’s approved apartment developments, a property expert has warned. A new report from the Property Council of Australia has found that more than a third of approved apartment developments in Perth are on hold […]
OTTAWA – Two new reports released this morning reveal what Canadian families have been going through for years: the cost of housing in Canada is skyrocketing, making it out of reach for many. Meanwhile, the Liberal government’s response to this deepening crisis is more talk than action. New Democrats have and will continue to push […]
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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 […]
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, […]
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 […]
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 […]
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 […]
A photo of the Stable Residents, Stable Properties presentation. A study just released by the Urban Land Institute reveals what stakeholders across all sectors of the nation’s rental housing market see as the most pressing issues in today’s environment – and most importantly – what needs to be done. be done to provide more stability […]
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, […]
City staff told council that the federal and provincial governments need to increase funding in order to address the affordability crisis. Ninety-five percent of Richmond residents cannot afford a home in the city today, if they don’t already own one. Ninety percent of Richmond residents could not afford a townhouse in Richmond, and 80% could […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
Breadcrumb Links News Election 2021 A UBC research lab says no federal party has a platform that will “restore housing affordability for all.” Publication date : Sep 17, 2021 • September 17, 2021 • 2 minute read • 5 comments A graphic summarizes an analysis of each party’s housing platform by a University of British […]
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 […]
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 […]
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 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 […]
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 […]
Homepage News JCHS Releases 2021 State of the Nation’s Housing Report Cambridge, MA, June 16, 2021 – As the U.S. economy continues to recover from the effects of the pandemic, households that weathered the crisis without financial distress are grabbing hold of the limited supply of homes for sale, driving up prices. price and further […]
Mayor John Cooper today released a key report detailing steps Nashville can take over the next three years to meet its urgent affordable housing needs. In the report, the Mayor’s Affordable Housing Task Force, made up of 22 experts, provides nine priority recommendations for making meaningful progress by 2024. “Nashville needs to be a city […]
For many middle-income households in the United States, the coronavirus pandemic has put adequate and affordable housing even further out of reach. Fortunately, some metropolitan areas, including San Antonio, facilitate access to adequate and affordable housing. Data released March 15 by the Urban Land Institute’s Terwilliger Center for Housing shows that of the 50 most […]
Sustainable Sonoma formed in the summer of 2017 as a collaborative project, led by its director Caitlin Cornwall and coordinator Kim Jones, both of the Sonoma Ecology Center. Its stable of partners includes the Sonoma Valley Chamber of Commerce, Vintage House Senior Center, Sonoma Valley Visitors Bureau, La Luz Center, Sonoma Valley Unified School District […]
Years of political change and public funding have produced more housing in Portland, but rents and house prices remain unaffordable for about half of the city’s residents. A new report from the city shows that most new construction approved in the past five years is for low-income residents or for those who can afford high-end […]
The country faces a housing crisis: There is a growing shortage of affordable housing, and tenants and landlords in many places are struggling to meet their monthly payments. The Greater Boston area is no better off. There are not enough houses for everyone; homelessness is on the rise; and modern zoning practices continue to perpetuate […]