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B.C. government’s $2 billion building plan won’t solve Vancouver’s housing affordability crisis
The Horgan government plans to build 9,000 housing units for middle-income earners. ...
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Perverse incentives may help erode housing affordability
Rising incomes and low interest rates have generated tremendous demand for housing across the country. ...
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Most effective pro-housing reforms have nothing to do with more government spending
According to a recent poll of British Columbia parents, 65 per cent of respondents believe it’s likely their child or children will have to move away from their home municipality due to the high cost of living. Of course, B.C.’s sky-high ...
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Groundhog Day in the Golden State—how plans to boost affordability in California keep failing
The situation in California has important implications for Canada’s least-affordable cities including Vancouver and Toronto. ...
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Vancouver’s latest policy on rental development—big bang, or more timid tinkering?
The more floors allowed in new projects, the more feasible they become. ...
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Homebuyer plan unlikely to work, for at least two reasons
The federal government recently launched its First-Time Home Buyer Incentive, which offers a contribution (up to 10 per cent of the price of a first home) for households earning up to $120,000, in exchange for a stake in the home’s equity ...
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Ontario government proposals could boost housing supply, increase affordability
The Ford government recently announced the broad strokes of its “ housing supply action plan ” aimed at getting a greater number and variety of much-needed homes built in Ontario’s least affordable communities. Though it’s unclear how the ...
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If millennials have no money, how can house prices be high?
As I was driving to the federal budget lockup in Ottawa Tuesday morning, CBC’s The Current was running a discussion of the problems millennials are having “trying to get a foot on the property ladder.” The news hook was that, judging by ...
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Trudeau housing plan ignores local drivers of affordability
Tuesday’s federal budget committed to “help make homeownership more affordable for first-time home buyers,” notably through “shared equity mortgages” aimed at lowering monthly mortgage payments, and increasing the amount first-time buyers ...
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Ontario takes important step towards rental affordability
The Ford government today tabled its first fiscal update, giving Ontarians a glimpse of its direction in major areas of public policy. Of interest to Ontarians struggling to afford and/or attain rental housing, the update eliminated rent ...