Housing affordability is one of the key parameters that capture the standards of living of the most vulnerable sector of the population in a country. In the United States, access to rental housing has recently been attained one of the lowest levels in the last two decades despite the sustained...
RBC Economics Research, which has been tracking the cost of owning a detached home at market value across Canada since 1985, declared in a report released on Thursday that "affordability remains at crisis levels" in Canada's two largest cities. "In Toronto, owning a home remains a huge stret...
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers. Oct 19, 2023 Homes "unaffordable" in 99% of nation for average American Home prices have jumped so much that Americans must pay a third of their income on ...
“Given the current housing affordability crisis, higher rates will make owning a home completely out of reach for nearly all potential first-time homebuyers,” he said. “Since homeownership is a key part of the American dream, if it appears unattainable, this...
Around the world, cities face intensified demands for resilience, preservation, and innovation as they address challenges from the climate crisis to cultural heritage conservation. These initiatives illustrate a global trend in urban planning, where sustainability, adaptability, and inclusive community ...
Speaking at this weekend’s U.S. Conference of Mayors annual meeting forum on housing affordability, Durkan called it “the crisis facing Seattle.” The home of Microsoft and Costco grew more than 100,000 residents in the last seven years, with Amazon alone employing about 40,00...
The extended amortization period is expected to have a more substantial impact on affordability in the condo apartment market, making homes that would have been unaffordable accessible to first-time buyers. Still, Canada’s most expensive communities, such as the Greater Toronto Area (GTA), parts ...
The free market cannot be trusted to solve the country's affordability crisis and more solutions are needed, said Gord Johns, the NDP's mental health critic. "The free market has never solved affordability issues," Johns said to a roundtable of housing experts in E...
Helping Solve The Housing Affordability Crisis Since 2001, I've been to fundraisers that supported political candidates focused on building more affordable housing in the City. I've seen affordable housing legislation, passed years ago, that still hasn't broken ground. Housing change happens at a...
not a blueprint for reform”. The Commission exhorts Australian governments to use the next iteration of the NHHA (from 2024, when the current agreement will expire) as an opportunity to collaborate on a national reform agenda, with particular focus on improving the affordability of the private...