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CMI Housing Affordability Watch: Why Filtering is Key to Increasing the Supply of Affordable Housing
CMI monitors the latest developments and offers insights on solutions to Canada’s housing affordability crisis Filtering refers to the decline in quality and price of properties over time, essentially explaining how housing units become more affordable as they age. Through this mechanism, new construction will tend to be occupied by higher-income groups at first, but…
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Bank of Canada Expected to Remain on the Sidelines
Two key data releases last week support the view that the Bank of Canada is done raising rates. Unemployment numbers creep up In November, despite the decent increase in the number of jobs being created, the unemployment rate increased by 0.1% to 5.8%. With tight monetary conditions, the economy is unable to generate enough jobs…
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CMI Housing Affordability Watch: What Analysts Missed in the Fall Economic Update
CMI monitors the latest developments and offers insights on solutions to Canada’s housing affordability crisis In the wake of the federal government’s Fall Economic Statement, released on November 21, expert and media analysis has focused primarily on future government housing spending. However, there are a few other items that warrant a closer look. CMHC losing…
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CMI Housing Affordability Watch: Show Me the Money – Navigating Financing Challenges for Missing Middle Housing Projects
CMI monitors the latest developments and offers insights on solutions to Canada’s housing affordability crisis In the late 1970s and 1980s, we saw a continuous decline in purpose-built rental units in Ontario and, to a lesser extent, across the country. However, rental units continued to enter the market in a different form – through the…
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Housing Market Malaise
After a rapid series of hikes that saw the Bank of Canada’s policy interest rate climb from 0.25% to 5.0% over 18 months, the central bank held firm in its last two meetings. Most analysts anticipate that the Bank will maintain its current stance. However, uncertainty over this stance combined with a deceleration in the…
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CMI Housing Affordability Watch: Don’t Count on Tax Incentives for Mom-and-Pop Real Estate Investors
Small-time real estate investors have formed the backbone of Canada’s housing rental market. Despite data indicating that individual investors have been a growing share of the housing market, I don’t believe these figures tell a story that mom-and-pop investors are crowding out home buyers. Overall home buying activity has fallen significantly with the rise in…
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