Housing regulations often limit people to Tesla-level homes or nothing
I’m an economist, so I’m not flattered by those who say you could teach a parrot to be an economist. The bird would need to know only two words, the joke goes: supply and demand. When the supply of any good or service increases, its price goes down. If the supply decreases or is less…
The Trudeau government is papering over its policy failures by rationing housing to the working class
There’s no mystery as to why Canada has seen a record-setting housing spike in the past year: negative real interest rates and monetary debasement from federal deficits. Rather than considering fiscal austerity and getting inflation under control, the federal government has opted to ration home buying and exclude those on the margins. Officials have raised,…
To incentivize affordable housing, officials need to slash taxes and red tape
As economists Jake Fuss and Tegan Hill have warned, the macro effects of government stimuli to address COVID-19 lockdowns are starting to emerge. In Canada, they have taken the form of an overheating housing market. With mortgage rates plunging to historic lows, the demand for residential real estate is driving prices through the roof. As…
The pandemic has obviously changed many things in a relatively short period, including housing demand in municipalities across Canada. Consider the Greater Toronto Area, where the detached housing market is red hot while the market for smaller apartments and condos is not. But as apartment renters enjoy this new landscape of lower prices and more…
Because of rising housing prices
The two necessities in life are food and shelter. It looks like both are getting much more expensive. For a few years, the cost of food has been the most important food affordability barrier. Not anymore. The cost of housing is now seen by Canadians as the most significant barrier. A recent poll conducted by…
Innovative, low-cost features that make it easier for homeowners to maintain their independence over the long term
What does a home look like for someone who wants to stay there as they grow older? It’s a question that a University of Alberta researcher and an Edmonton-based homebuilder are tackling through innovative design. Collaborating with Effect Home Builders and using evidence-based research, doctoral candidate Lara Pinchbeck is helping identify meaningful features that can help design forever…
Only the private sector can deliver the high-quality housing that reserves need. Government waiting lists will never catch up
Adequate housing – especially in remote and northern locations – is an intractable problem facing First Nation communities. The high cost of housing in these locations and the never-ending cycle of backlogs plague reserve communities across Canada. The federal government must pledge to make housing a commitment on the same level as safe drinking water…
Construction and design features matter more to buyers than price or age of properties, engineering researchers find
Physical features such as construction materials, interior finishes and air conditioning are better determinants of how well a condo sells than price or building age, according to a University of Alberta study looking to pinpoint design-related features that increase the probability of a condo’s sale. “We’re trying to provide a framework through which builders can evaluate…
New guide shows how planners can revive urban centres by shifting focus of vacant spaces from commercial to cultural
In the wake of economic fallout from COVID-19, urban centres could see a sharp increase in abandoned spaces as some businesses are forced to close. But vacant space doesn’t have to sit idle, according to a research associate with the University of Alberta’s Wirth Institute. If managed properly, it could spark a cultural revival of sorts,…
When it comes to owning a home versus renting, you can’t just compare the amount of rent you would pay to the amount of a mortgage payment
Should I buy a home or rent? It’s a common question but the answer isn’t as simple you may think – it totally depends on your situation, since there are advantages and disadvantages to both. It’s usually better to own an asset that’s likely to go up in value than to rent an asset that’s…