Category: housing affordability

Private Mortgage Insurers Caution Against Liberal Promise to Reduce Premiums

April 4, 2022
Canadahousing affordabilityinflationWorld
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The housing affordability crisis is impacting a range of actors and the federal government has proposed solutions to address it, but private mortgage insurers warn that reducing premiums on insured mortgages could have the unintended consequence of reducing market access to prospective buyers. “We believe that it will be imprudent to alter the mortgage insurance…

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You’re Wrong Premier Dan Andrews, Young Aussies Still Dream of Owning Homes

March 25, 2022
Australiaaustralian property markethomeownershiphousing affordabilityOpinionViewpointsWorld
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Commentary The ability to own one’s home is central to the Australian way of life. Saving up for a deposit and being able to pay off a mortgage is the greatest sign of independence and personal responsibility in our society. Yet the Victorian Premier Dan Andrews recently told The Guardian that the “great Australian dream”…

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Canada’s Housing Affordability Crisis: No Fix Without Increasing Rentals Supply, Says Economist

February 23, 2022
Business & EconomyCanadaCMHCeconomyGlobal Real Estatehousing affordabilityreal estaterentalWorld
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Housing market analysts have long pointed to a lack of supply as the key issue to resolve, and CIBC’s deputy chief economist Benjamin Tal says not enough attention is being placed on the rental market.

Housing Unaffordability: Feds Try to Increase Supply Without Cooling Demand

December 22, 2021
Business & EconomyCanadaeconomic policiesGlobal Real Estatehousing affordabilityhousing supplyInvestmentmortgage stress testreal estateWorld
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Housing affordability in Canada is as bad as it’s been in over 30 years despite being a longstanding priority for Ottawa.

Cost of Living Top Priority for Canadians as Parliament Returns: Poll

November 22, 2021
Canadacost of livingCOVID-19 pandemichealth carehousing affordabilityinflationWorld
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Canadians want MPs to tackle the rising cost of living when Parliament resumes on Nov. 22 for the first time in five months, a new poll finds. Conducted by Ipsos for Global News, the survey found that the rising cost of essentials such as groceries and gas have become top of mind for Canadians—outranking the…

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California Housing Affordability Remains Low, Rents to Hike Through 2023: Reports

November 17, 2021
ArchivedCalifornia Association of Realtorshousing affordabilityinflationLocal NewsNewsRegional NewsRegional-Local Newsrent hikeSouthern CaliforniaUSUSC
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As rent continues to hike and housing affordability remains low in California, capable tenants should consider purchasing a house sooner rather than later, based on the housing affordability index released last week by the California Association of Realtors (CAR). Housing affordability index is the percentage of people who can afford to buy a median-priced, single-family…

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SoCal Housing Affordability Remains Low, Rents to Hike Through 2023: Reports

November 17, 2021
ArchivedCalifornia Association of Realtorshousing affordabilityinflationLocal NewsNewsRegional NewsRegional-Local Newsrent hikeSouthern CaliforniaUSUSC
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As rent continues to hike and housing affordability remains low in California, capable tenants should consider purchasing a house sooner rather than later, based on the housing affordability index released last week by the California Association of Realtors (CAR). Housing affordability index is the percentage of people who can afford to buy a median-priced, single-family…

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Political Parties Grapple With Housing Affordability Crisis

August 25, 2021
Business & EconomyCanadaConservativesEconomieselectionGlobal Real Estategreenshousing affordabilityLiberalsNDPppcreal estateWorld
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Analysts can see repercussions from implementing national housing policies and point out that it’s debatable what role the federal government should play.

Australian Housing Values Rise to Record Levels as Affordability Crisis Worsens

June 16, 2021
AustraliaAustralian economyaustralian housing markethousing affordabilityhousing crisishousing shortageWorld
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The value of Australian houses rose by $450 million in the March quarter, the highest rise on record, bringing renewed calls for action to address the growing housing affordability crisis. According to the latest figures by the Australian Bureau of Statistics (ABS), Australian residential dwellings surpassed $8 trillion for the first time. New South Wales…

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Housing Affordability Problems Drive More Australians out of the City

May 11, 2021
Australiaaustralian housing marketCoreLogichousing affordabilityInternationalregional housing marketWorld
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The falling affordability of homes may lead to a second wave of growth in the Australian regional housing market as buyers are pushed out of the cities to cheaper, regional areas. CoreLogic head of research Eliza Owen told The Australian that since most capital cities were sitting at record high prices, movement to the periphery of…

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