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 […]
by Kate Aubrey•05:45, March 14, 2022•3 minute read Kate Aubrey 05:45, March 14, 2022 3 minute read As the catastrophic flood leaves thousands homeless, the Queensland Government is rolling out measures to address housing challenges. The Queensland Government has announced a $600,000 Rapid Response Fund to help provide improved housing and homeless services in affected […]
Housing in Flagstaff is “the worst I’ve ever seen,” said Devonna McLaughlin, executive director of Housing Solutions Northern Arizona (HSNA). His organization recently released its 2022 Rental Affordability Report based on a survey of 50 market-priced apartment complexes (8,405 units) and 10 income-limited complexes (730 units) between November 2021 and January. The report summarizes a […]
SOUTH LAKE TAHOE, Calif. (KRON) – As the city of South Lake Tahoe continues to suffer from a housing shortage, a new grant aims to fund hundreds of much-needed affordable housing. Over the past year, the city has been able to raise $2.4 million in local funds to secure $65 million from state and federal […]
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 […]
More than 17,000 property damage assessments have been carried out in South East Queensland as the state government prepares to implement a series of measures in response to ongoing housing and homelessness issues after recent heavy rains and floods. In Gympie – 202 houses were found severely damaged – 94 moderate and another 124 – […]
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Maine (WABI) – Finding a home in Maine is at a critical point. Real estate and construction costs continue to soar, further encumbering an already tight rental market. Housing is considered affordable if you spend no more than 30% of your income on housing-related expenses. Chances are many of you fall into the category known […]
LOS ANGELES, CA – California needs to build millions of homes by 2030 to address severe housing supply and demand challenges. That’s according to a new report released Wednesday by the California Department of Housing and Community Development, which is updated every four years and outlines challenges and strategies for dealing with the state’s housing […]
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 […]
By Cecilia Chan, Personal editor Chandler and the rest of the Phoenix metro area must extricate themselves from the current housing deficit or face economic disaster down the road, a leading Valley economist warns. The housing shortage just isn’t bad in Arizona, but it’s across the country, economist Elliott Pollack told Gilbert City Council as […]
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 […]
“For example, we expect around 184,000 new homes per year (net of demolitions) to be added to supply over the next three years, while between 2025 and 2032 we also expect the formation nearly 180,000 new households every year.” Household formation – the number of single people or groups of people living in a dwelling […]
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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 […]
It is considered a punch in the bow for local municipalities. The province says there are not enough units approved and built to meet demand. Now the minister responsible for housing says he is considering legislation to modernize processes to speed up building development approvals. This, if the municipalities continue to drag their feet. “We […]
British Columbia’s 2022 budget is largely a stimulus budget. There are significant investments in continued recovery from last year’s extreme wildfires and floods, as well as the COVID-19 pandemic. The budget acknowledged that British Columbia’s “record supply and strong demand for homes” have led to significant price increases in 2021, in all major regions and […]
The federal government announced funding of up to $80 million to address housing supply chain issues in northern and remote communities. Ahmed Hussen, federal Minister of Housing, Diversity and Inclusion, made the announcement Wednesday morning during a virtual press conference with Northern Affairs Minister Daniel Vandal and Yukon Member of Parliament Brendan Hanley. “The barriers […]
The conversation takes place on the sidelines of football matches. In the classrooms of Arizona State University. Among friends and relatives who are increasingly desperate to find affordable housing. Between parents and their millennials who have well-paying jobs. In heartbreaking stories of evictions and displacements featured in that same newspaper. Arizona’s housing shortage and unprecedented […]
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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 was no good news in the latest house price inflation figures, with a 14.4% rise in annual prices deepening the affordability crisis in key market segments. There are signs that housing supply is set to increase but inevitably this process will be gradual and big questions remain about the pace at which improvements can […]
FIFTEEN registered owners own around 5,300 privately rented properties in Scotland’s capital, a freedom of information (FOI) request by the Edinburgh Evening News revealed. This represents around nine per cent of the private rental sector in Edinburgh. One owner owns more than 1010 properties, and dozens of others own more than 100 properties each, according […]
The following graph shows the number of housing units for which permits have been issued each year since 2001. Courtesy of New Hampshire BEA. “We are ready to tackle the influx of housing demand head-on,” said OPD lead planner Ken Gallager. “Our in-depth analysis of housing market trends will inform local and state stakeholders on […]
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 […]
The New South Wales government has injected $30 million into regional communities to ease housing pressure, which will see the construction of a number of homes accelerated. The investment is seen as the government’s first response to the recommendations of the regional housing task force, with regional councils encouraged to apply for part of the […]
(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 […]
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 […]
Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Home prices and sales continued to climb despite a mild winter cooling. But the housing market is facing a new dilemma: the supply of existing homes for sale has hit an all-time […]
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 […]
A report from HOUSING pointed to failures in communications between tenants and Dudley Council, but a plan for improvement is underway. At a meeting of the Housing and Public Realms Review Committee on January 27, councilors discussed a plan to improve housing supply in the Borough of Dudley. The local council commissioned experienced housing consultant, […]
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In the early to mid-2000s, Ontario decided to actively manage growth and development in the Greater Toronto and Hamilton Areas, as well as surrounding municipalities, for environmental, social and economic reasons. This decision came to life in the form of the Growth Plan for the Greater Golden Horseshoe, 2006, and subsequent growth plans, which determine […]
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 […]
THE GOVERNMENT said its Housing for All plan had made “significant progress” towards increasing the volume of supply. The Government today released the second quarterly update on progress in delivering Housing for All since it was launched in September last year. It shows that the closure of the construction sector during last year’s first lockdown […]
A lack of rental housing, combined with the prevalence of short-term rentals, is causing some residents to live in “inadequate or unsafe” housing, according to a report for Sicamous District. In June 2021, the district engaged CitySpaces Consulting to complete a Housing Needs Report. The full report was submitted to the district on Jan. 18 […]
A lack of rental housing, combined with the prevalence of short-term rentals, is causing some residents to live in “inadequate or unsafe” housing, according to a report for Sicamous District. In June 2021, the district engaged CitySpaces Consulting to complete a Housing Needs Report. The full report was submitted to the district on Jan. 18 […]
A lack of rental housing, combined with the prevalence of short-term rentals, is causing some residents to live in “inadequate or unsafe” housing, according to a report for Sicamous District. In June 2021, the district engaged CitySpaces Consulting to complete a Housing Needs Report. The full report was submitted to the district on Jan. 18 […]
A lack of rental housing, combined with the prevalence of short-term rentals, is causing some residents to live in “inadequate or unsafe” housing, according to a report for Sicamous District. In June 2021, the district engaged CitySpaces Consulting to complete a Housing Needs Report. The full report was submitted to the district on Jan. 18 […]
Municipal opposition to housing development has contributed to Canada’s current housing crisis, according to Scotiabank Canada chief economist Jean-Francois Perrault. The federal government regulates who comes into the country, but municipalities — and, to a lesser extent, provinces — hold a lot of power over where people end up living, Perrault told the House finance […]
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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 […]
Maine needs more housing of all kinds and especially affordable housing, Ryan Fecteau, speaker of the Maine House of Representatives, said Thursday in Portland. “There is a problem, and we have to fix it,” he said in his keynote address to the Maine Real Estate & Development Association’s annual forecast conference, which was attended by […]
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 […]
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WATERLOO REGION — A housing summit held Wednesday between the Ontario government and municipal leaders was a “frank and candid” conversation about ways to help solve the housing crisis, Karen Redman said. “It’s a very complex challenge,” said Redman, regional president. Municipal Affairs and Housing Minister Steve Clark said he’s heard “great ideas” from city […]
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 […]
Breadcrumb Links Opinion Columnists There are too many separate working groups, summits and programs going on right now at all three levels of government. Ottawa, like other cities in Ontario, is struggling with affordable housing, whether rental or owner-occupied. Photo by Tony Caldwell /Postmedia Content of the article Ontario is in the midst of a […]
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”. […]
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Ontario is in the midst of a housing crisis as prices continue to soar. People should have the choice to live close to work and family, just like the generations before them. But for too many of them, the housing crisis has already made that choice for them. Tragically, as these problems ripple through the […]
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 […]
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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 […]
Content of the article A report released Thursday by real estate company Royal LePage confirms what every home buyer and seller in the Kingston area has realized in 2021: Local home prices have all but skyrocketed. Content of the article According to the Royal LePage Home Price Survey, the overall price of a home in […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
If virtually everyone in a large enough class fails a test, you can call all the latecomers if you wish – but you can also question the effectiveness of the test itself or that of the teacher. Because in a class of ’89, it’s just unlikely that all but a couple would have completely failed […]
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 […]
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 […]
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. […]
Public Works and Housing Minister Babatunde Fashola on Tuesday called for improved funding for the housing sector. He made the call during the Housing Investment Forum on the theme: Exploring the National Housing Bond Option for Housing Development: Public-Public Sector Collaboration held in Abuja. He said that the government, as a facilitator, must review the […]
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 […]