Navigating a Volatile Market
All tagged Supply
Navigating a Volatile Market
Price outlook for Toronto housing is uncertain
The Metro Victoria market could be at an inflection point.
Racism is unacceptable, and data shows that Black, Indigenous, and People of Colour (BIPOC) struggle to become homeowners.
The benchmark price is stable but a recent drop in the median home price is an indicator of downward price pressure.
Municipalities failed to deliver promised housing supply in 2018. The crisis will continue.
We’ve all heard people in Vancouver who blame lack of supply for housing unaffordability. Many will have heard the opposing “Supply Myth” argument. We believe that the supply problem is real and could be worse than any of us imagined.
By 2021 Metro Vancouver housing stock will be short by 62,000 homes!
45% of homes proposed in the City of Vancouver are suites and 1-bedrooms suitable only for small households. Barely any 3-bedroom apartments are built when 24% of new apartments in Metro Vancouver should have 4-bedrooms. We need to more homes and the right mix of homes fast or else by 2021, 150,000 hard-working people will be underhoused.
The housing supply problem is bad, it’s real, and will likely get worse.
We’ve all heard people in Vancouver who blame lack of supply for housing unaffordability. Many will have heard the opposing “Supply Myth” argument. We believe that the supply problem is real and could be worse than any of us imagined.
By 2021 Metro Vancouver housing stock will be short by 52,000 homes!