Found 3 blog entries tagged as housing shortage.

The Great White North has long been celebrated for its stunning landscapes, diverse culture, and vibrant cities. However, beneath the surface of this picturesque image lies a pressing issue: the Canadian housing crisis. As rental units become scarce and homes sell well above their asking prices, the dream of affordable housing seems more distant than ever. In this in-depth analysis, we'll unpack the factors contributing to this crisis and explore potential solutions.

The Rental Paradox: A Scarce Supply

Rental units are the heartbeat of urban living, providing flexibility and accessibility. However, the scarcity of available units has turned this dream into a nightmare for many Canadians. Rapid urbanization, coupled with limited construction…

283 Views, 0 Comments

Read Full Post

Why is housing supply so low_construction

There is no other way to sugar-coat what is happening in Canada’s housing market: The nation is facing a severe supply shortage. Why is housing supply so low?

Current market conditions, be it record-low inventories or strengthening demand, have sparked a housing affordability crisis. With interest rates on the rise and an inevitable increase in the mortgage stress test, buying a home within typical Canadian incomes and budgets will become more difficult this year, and potential into the foreseeable future.

But while factors such as historically low-interest rates and pandemic-era pent-up savings have contributed to the current housing frenzy, the fundamental principle of supply and demand has been the chief component in…

322 Views, 0 Comments

Read Full Post

OCTOBER 22, 2021

The whole world is undergoing a housing shortage, but vacant homes are barely budging. The OECD‘s latest data drop shows 42 million of its 426 million homes are vacant. Yes, roughly one in ten homes in advanced economies are empty. There are literally years of housing supply being used as an alternative to gold.

Rather than pondering why it’s so attractive to have vacant homes, many countries doubled down on reasons to hoard. If we only build more homes and give the investors cheap money, there can be enough to hoard too, right? I mean, you almost tried, so partial points. Let’s take a look at how bad the issue has become.

Canada Has Over 1.3 Million Vacant Homes, About 6 Years Of Supply

Canada has one of the highest…

1603 Views, 0 Comments

Read Full Post