Podcasts about canada mortgage

Hundreds of thousands of Canadians exist on the edge. Renters fear eviction, homeowners feel trapped, and both are vulnerable to becoming homeless with a single stroke of misfortune. Unaffordable housing in Canada is tearing communities apart as long-time residents seek affordable housing elsewhere and businesses shutter because they cannot find staff who can afford to live nearby. For two generations, Canadians have watched affordable housing vanish while other nations have been tackling the problem. In Home Truths: Fixing Canada's Housing Crisis (On Point Press, 2024), housing expert Carolyn Whitzman reviews the decades of policy that have gotten us into this mess and shows how all levels of government can work together to provide affordable housing where it is needed. Her compelling arguments for policy solutions are backed by ideas from researchers, planners, politicians, developers, and housing advocates at home and abroad. Home Truths addresses Canada's crisis from all sides, including exploring what adequate housing looks like, providing ideas on how to resolve homelessness, explaining why nonmarket housing is crucial for Canada, and showing how and why to tackle ever-growing wealth disparities between renters and those who own. From policymakers, planners, developers, and observers needing to understand Canada's housing struggles through to Canadians seeking ideas for a new way forward, Home Truths is a critical read for a nation on edge. Carolyn Whitzman is a leading housing and senior policy researcher. She has authored, coauthored, or lead-edited six previous books, the most recent being Clara at the Door with a Revolver. She has undertaken research for the Office of the Federal Housing Advocate, the Canada Mortgage and Housing Corporation, the Alliance to End Homelessness Ottawa, and many other organizations. Alex Hallbom is a Registered Professional Planner in British Columbia, Canada. He sits on the editorial board of Plan Canada, the professional publication for planners in Canada, and publishes periodically in Plan Canada and Planning West. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Hundreds of thousands of Canadians exist on the edge. Renters fear eviction, homeowners feel trapped, and both are vulnerable to becoming homeless with a single stroke of misfortune. Unaffordable housing in Canada is tearing communities apart as long-time residents seek affordable housing elsewhere and businesses shutter because they cannot find staff who can afford to live nearby. For two generations, Canadians have watched affordable housing vanish while other nations have been tackling the problem. In Home Truths: Fixing Canada's Housing Crisis (On Point Press, 2024), housing expert Carolyn Whitzman reviews the decades of policy that have gotten us into this mess and shows how all levels of government can work together to provide affordable housing where it is needed. Her compelling arguments for policy solutions are backed by ideas from researchers, planners, politicians, developers, and housing advocates at home and abroad. Home Truths addresses Canada's crisis from all sides, including exploring what adequate housing looks like, providing ideas on how to resolve homelessness, explaining why nonmarket housing is crucial for Canada, and showing how and why to tackle ever-growing wealth disparities between renters and those who own. From policymakers, planners, developers, and observers needing to understand Canada's housing struggles through to Canadians seeking ideas for a new way forward, Home Truths is a critical read for a nation on edge. Carolyn Whitzman is a leading housing and senior policy researcher. She has authored, coauthored, or lead-edited six previous books, the most recent being Clara at the Door with a Revolver. She has undertaken research for the Office of the Federal Housing Advocate, the Canada Mortgage and Housing Corporation, the Alliance to End Homelessness Ottawa, and many other organizations. Alex Hallbom is a Registered Professional Planner in British Columbia, Canada. He sits on the editorial board of Plan Canada, the professional publication for planners in Canada, and publishes periodically in Plan Canada and Planning West. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

Hundreds of thousands of Canadians exist on the edge. Renters fear eviction, homeowners feel trapped, and both are vulnerable to becoming homeless with a single stroke of misfortune. Unaffordable housing in Canada is tearing communities apart as long-time residents seek affordable housing elsewhere and businesses shutter because they cannot find staff who can afford to live nearby. For two generations, Canadians have watched affordable housing vanish while other nations have been tackling the problem. In Home Truths: Fixing Canada's Housing Crisis (On Point Press, 2024), housing expert Carolyn Whitzman reviews the decades of policy that have gotten us into this mess and shows how all levels of government can work together to provide affordable housing where it is needed. Her compelling arguments for policy solutions are backed by ideas from researchers, planners, politicians, developers, and housing advocates at home and abroad. Home Truths addresses Canada's crisis from all sides, including exploring what adequate housing looks like, providing ideas on how to resolve homelessness, explaining why nonmarket housing is crucial for Canada, and showing how and why to tackle ever-growing wealth disparities between renters and those who own. From policymakers, planners, developers, and observers needing to understand Canada's housing struggles through to Canadians seeking ideas for a new way forward, Home Truths is a critical read for a nation on edge. Carolyn Whitzman is a leading housing and senior policy researcher. She has authored, coauthored, or lead-edited six previous books, the most recent being Clara at the Door with a Revolver. She has undertaken research for the Office of the Federal Housing Advocate, the Canada Mortgage and Housing Corporation, the Alliance to End Homelessness Ottawa, and many other organizations. Alex Hallbom is a Registered Professional Planner in British Columbia, Canada. He sits on the editorial board of Plan Canada, the professional publication for planners in Canada, and publishes periodically in Plan Canada and Planning West. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Hundreds of thousands of Canadians exist on the edge. Renters fear eviction, homeowners feel trapped, and both are vulnerable to becoming homeless with a single stroke of misfortune. Unaffordable housing in Canada is tearing communities apart as long-time residents seek affordable housing elsewhere and businesses shutter because they cannot find staff who can afford to live nearby. For two generations, Canadians have watched affordable housing vanish while other nations have been tackling the problem. In Home Truths: Fixing Canada's Housing Crisis (On Point Press, 2024), housing expert Carolyn Whitzman reviews the decades of policy that have gotten us into this mess and shows how all levels of government can work together to provide affordable housing where it is needed. Her compelling arguments for policy solutions are backed by ideas from researchers, planners, politicians, developers, and housing advocates at home and abroad. Home Truths addresses Canada's crisis from all sides, including exploring what adequate housing looks like, providing ideas on how to resolve homelessness, explaining why nonmarket housing is crucial for Canada, and showing how and why to tackle ever-growing wealth disparities between renters and those who own. From policymakers, planners, developers, and observers needing to understand Canada's housing struggles through to Canadians seeking ideas for a new way forward, Home Truths is a critical read for a nation on edge. Carolyn Whitzman is a leading housing and senior policy researcher. She has authored, coauthored, or lead-edited six previous books, the most recent being Clara at the Door with a Revolver. She has undertaken research for the Office of the Federal Housing Advocate, the Canada Mortgage and Housing Corporation, the Alliance to End Homelessness Ottawa, and many other organizations. Alex Hallbom is a Registered Professional Planner in British Columbia, Canada. He sits on the editorial board of Plan Canada, the professional publication for planners in Canada, and publishes periodically in Plan Canada and Planning West. Learn more about your ad choices. Visit megaphone.fm/adchoices

  The Canada Mortgage and Housing Corporation (CMHC) has recently released its annual rental market report, and today, we sit down with its Deputy Chief Economist, Tania Bourassa-Ochoa to discuss what the report means for the future of housing in Canada. We begin with the work of CMHC and who its target market is before diving into its 2024 rental market report. Then, we unpack the recent rise of housing supply, how Montreal is a step ahead, why the number of multifamily units is beginning to match that of studio apartments, and how rent control measures may influence tenant behaviour and market stability. To end, we explore the consequences of Canada's ageing population and the growing number of families, what policymakers and housing developers need to be doing more of to meet high demands, key trends to take note of, and the future of Canada's housing market in 2025 and beyond.     Key Points From This Episode:   The ins and outs of the Canada Mortgage and Housing Corporation (CMHC). More details on CMHC's annual rental market report.  Understanding Canada's recent rise in supply and whether this growth is sustainable.  How Montreal is leading the way.  Why the gap between the number of condo starts and purpose-built rentals is closing.  How rent control influences rent increase at turnover.  The way current housing trends influence tenant behaviour and market stability.   Canada's ageing population and the growing number of families.  The distribution of the market (from studios to multifamily) and how it's evolving. Why housing policy should address both affordability and supply at the same time.  Whether policymakers and housing developers are doing enough to meet the demand.  Key trends and indicators that policymakers and stakeholders should be paying attention to.  What we can expect from Canada's housing market in 2025.    Quotes:  “Our goal is really to provide as much information as possible to help all of the stakeholders out there to make important decisions.” — Tania Bourassa-Ochoa [0:02:08]   “The main solution will be really focused around adding more supply, and I would even say to have a steady influx of supply that comes into the market every year. That is going to help to alleviate some of the pressures that we're seeing right now, for sure.” — Tania Bourassa-Ochoa [0:12:15]   “In the end, housing needs to evolve and change over time.” — Tania Bourassa-Ochoa [0:17:35]   “I think policy needs to address both supply but also affordability, especially for those lower-to-medium-income renters.” — Tania Bourassa-Ochoa [0:20:11]   “There's definitely place for more innovation; there's place for more productivity in the construction space, for sure.” — Tania Bourassa-Ochoa [0:23:11]   Links Mentioned in Today's Episode:   Tania Bourassa-Ochoa on LinkedIn  Canada Mortgage and Housing Corporation (CMHC)   CMHC on YouTube CMHC Fall 2024 Rental Market Report  Canadian Housing Survey Rentsync  Giacomo Ladas on LinkedIn Sync or Swim Podcast Sync or Swim Email  

Welcome to Inside Policy Talks, where we discuss the most pressing policy issues shaping Canada.In this episode, Tim Sargent, Director of the Domestic Program at MLI, is joined by Aled ab Iorweth, Deputy Chief Economist with the Canada Mortgage and Housing Corporation (CMHC,) a leading voice in housing policy and economics.Together, they dive deep into the challenges facing Canada's housing market, from the impact of record-high immigration levels and shifting population trends, to the role of taxation policies and rising mortgage rates in reshaping affordability for homeowners and renters. Iorweth provides valuable insights on the critical importance of municipal regulations, zoning laws, and construction in either enabling or hindering progress on the housing supply shortage. He also explores the complex, shared responsibility between federal, provincial, and local governments in addressing Canada's housing crisis.Be sure to share, and subscribe to Inside Policy Talks for more insightful discussions on the key policy challenges shaping our nation!

Note: This video is very 'numbers' intensive. If you want to follow along with graphics, you can watch the video on YouTube at this link: buvy_T9Q3vY

Bob Dugan, chief economist of Canada Mortgage and Housing Corp., discusses the industry's capacity limits and falling interest rates.

After catching you up on the news of the week, Amanda Lang speaks with Aled ab Iorweth, deputy chief economist with the Canada Mortgage and Housing Corporation, to check in  on the pace of Canadian home construction and whether it will meet our future housing needs. After years out of favour, nuclear power is ramping up again around the world, including Canada. Amanda Lang speaks with John Gorman, the head of the Canadian Nuclear Association, and Jeff Binns with the Nuclear Waste Management Organization for an update on what is driving the demand, and what the plans are to handle the relatively small amount of waste it will produce.  

Nearly every government in Canada — at all levels and all political stripes — say they want more houses built. New data from the Canada Mortgage and Housing Corporation (CMHC) shows the opposite is happening. More grocery stores in your neighbourhood could soon be offering you oddly shaped tomatoes and soon-to-be-expired cartons of yogurt for cheap. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

No visit from the Premier after all in Wallaceburg, Ontario is looking to put students who want a job in the trades on a fast track to getting a career, and the Canada Mortgage and Housing Corporation is expecting a busier housing market in southwestern Ontario next year.

Everyone from the Bank of Canada to leading economists from across the country are discussing what's at the root of Canada's productivity challenges.   To help us sort through the discussion, I'm joined this episode by the Conference Board of Canada's Director of Economic Research Tony Bonen and the Founder and Executive Director of the Centre for the Study of Living Standards (CSLS) Andrew Sharpe.We discuss how we should understand productivity and why it's important for it to improve.  Near the end of the episode we hear about new research from the Conference Board of Canada linking skills to our productivity challenges.  We'll hear that Tony thinks this is a promising new avenue—in part because there are many levers that the government can use to support skills development.About our guests:Tony Bonen is the Director of Economic Research at The Conference Board of Canada. In this role Tony provides strategic leadership to a dynamic team producing insightful custom analyses for the Board's partners.Tony brings significant experience managing research and providing guidance on a wide range of economic issues. Prior to joining the Board, he served as the Executive Director at the Labour Market Information Council (LMIC), building on his previous work as LMIC's founding Director of Research, Data and Analytics. While in the risk department at the Canada Mortgage and Housing Corporation (CMHC), Tony led the development of housing price and macroeconomic forecasts used in stress testing. He analyzed the economic impacts of climate change and the US pension and retirement system at the Schwartz Center for Economic Policy Analysis, and the economic policy and geopolitical analysis affecting member countries while at the NATO Parliamentary Assembly.Andrew Sharpe is founder and Executive Director of the Ottawa-based Centre for the Study of Living Standards (CSLS). Established in 1995, CSLS is a national, independent, non-profit research organization. Its main objectives are to study trends and determinants of productivity, living standards and economic well-being and to develop policy recommendations to improve the lives of Canadians. He has held a variety of earlier positions, including Head of Research at the Canadian Labour Market and Productivity Centre and Chief, Business Sector Analysis at the Department of Finance. He holds a M.A. and Ph.D in economics from McGill University, a maitrise in urban geography from the Université de Paris-Sorbonne, and a B.A. from the University of Toronto. He is also founder and Editor of the International Productivity Monitor and Executive Director of the International Association for Research on Income and Wealth, an international research association dedicated to the advancement of knowledge relating to income and wealth.

Elias Makos caps off the week with Jimmy Zoubris, special advisor to the Mayor, and Justine McIntyre, Strategic consultant and former city councillor. Figures out from the Canada Mortgage and Housing Corporation paint a terrible picture for Montreal Quebec's French Language Minister Jean-François Roberge has ordered a probe and other politicians are apoplectic after a Quebec Maritime Junior Hockey League team made themselves English-only playoffs garb MPs in Ottawa are due for a pay increase on April 1. That means an MP's base salary will go from $194,600 to $203,100 - an increase of $8,500

Greetings, and welcome back to the podcast. This episode, we are joined by Mr. Bob Dhillon - President & CEO of Mainstreet Equity - a TSX listed real estate company with a market cap of ~$2 billion.Mainstreet Equity is based in Calgary, Alberta, Canada, as at Q4 2023, assets are valued at CDN$3B+ with 17,000+ rental apartment units across western Canada (BC, AB, SK and Winnipeg). For over 22 years, Bob and Mainstreet have provided consistent, year over year, double digit returns to investors through MEQ's continued organic growth.In the 2019 Scotiabank Equity Research Daily Edge poll, MEQ led the Total Return Performance for the Canadian Listed Real Estate Sector, outperforming the TSX Real Estate Index at 89.9%. In a 20-year (2000 - 2020) stock performance comparison of the TSX, MEQ outperformed Amazon, Berkshire Hathaway and Royal Bank of Canada.Along with its healthy balance sheet success, Mainstreet is a strong and proud champion of affordable housing in western Canada.Bob is also the owner of National Payments, a Visa and MasterCard approved merchant-processing business in the financial services sector.In 2018, Bob gifted CDN$10M to the University of Lethbridge towards the creation of the Dhillon School of Business (DSB).Mr. Dhillon has been awarded numerous awards including: Appointed as Officer of the Order of Canada, the Queen Elizabeth II Platinum Jubilee Medal 2022 and Diamond Jubilee Medal, Appointed Honorary Consul General of Belize for Canada, Entrepreneur of the Year Prairies Real Estate and Construction (Ernst & Young 2015), Top 25 Canadian Immigrant Awards (Royal Bank of Canada, 2015), & Alberta's 50 Most Influential People (Alberta Venture Magazine, 2011).Mr. Dhillon sits on numerous boards including the Canada Mortgage and Housing Corporation (CMHC), Alberta Investment Management Corporation (AIMCo), Advisory Council for the Canada-India Business Council & Invest Alberta Corporation.Mr. Dhillon received a Master of Business Administration - Richard Ivey School of Business at the University of Western Ontario. Among other things, we sat down and discussed 19% interest rates, building a real estate business & why Canadian home prices are rising.Enjoy.Thank you to our sponsors.Without their support this episode would not be possible:Connate Water SolutionsGalatea TechnologiesEnergy Unitedheadracingcanada.comLearn more about each sponsor at the links above. Support the show

Francis Cortellino is a senior economist with CMHC and one of the authors of the report.

Alex Pierson speaks with mortgage broker Run Butler about Canada's housing agency ending the first-time homebuyer incentive program. Canada Mortgage and Housing Corp. says the deadline for new or updated submissions to the program is midnight eastern time on March 21. Learn more about your ad choices. Visit megaphone.fm/adchoices

Older Zoomers Are Delaying Their Home Downsizing Plans: There

New data from the Canada Mortgage and Housing Corporation shows the CBRM has a 0.8% vacancy rate - one of the lowest vacancy rates in the country.

The Canada Mortgage and Housing Corporation (CMHC) released its annual Rental Market Report last week. With the national vacancy rate hitting a historic low and rent prices on a relentless climb, renters across the nation are feeling the squeeze. In bustling urban centers like Toronto and Vancouver, the role of condominiums as makeshift rental units reveals a housing landscape in flux, with implications that touch everyone from anxious first-time homebuyers to investors looking to capitalize on the market.In this 23-minute discussion, Smart Prosperity Institute economist Mike Moffatt and journalist Cara Stern discuss vacancy rates, rent averages and what the numbers really tell us.Other reading:Rental Market Report - January 2024 (cmhc-schl.gc.ca)https://www.bankofcanada.ca/wp-content/uploads/2024/01/mpr-2024-01-24.pdfhttps://rentals.ca/https://www.homelesshub.ca/sites/default/files/attachments/Whitzman-Human_Rights_Based_Supply_Report-EN_1.pdfHosted by Mike Moffatt & Cara Stern Produced by Meredith Martin This podcast is funded by the Neptis Foundation

In a long-awaited announcement on Wednesday, Alberta Premier Danielle Smith unveiled a comprehensive set of policies addressing gender ideology. Plus, rental vacancy has plummeted to 1.5% in 2023 according to the Canada Mortgage and Housing Corporation. And an Ontario doctor who opposed the Covid-19 mass vaccination campaign has seen misconduct charges dropped by the College of Physicians and Surgeons. Tune into The Daily Brief with Cosmin Dzsurdzsa and Noah Jarvis! Learn more about your ad choices. Visit megaphone.fm/adchoices

Will Ontario, and to a larger extent, Canada, ever meets its housing demands to keep up with increased immigration?According to the latest data from the Canada Mortgage and Housing Corporation (CMHC), Ontario failed to meets its housing targets with just 85,770 housing starts in 2023.We unpack the housing crisis, Canada's NIMBYISM problem, and the solutions to our housing density issues Mike Collins-Williams, CEO of the West End Home Builders Association in Episode 38 of The Bill Kelly Podcast.#ontario #canada #housing #housingcrisis #immigration #canadalife #billkelly #thebillkellypodcast #mikecollinswilliams #westendhomebuildersassociation Listen to this podcast everywhere:https://kite.link/the-bill-kelly-podcastWatch the interview by subscribing to our YouTube:https://www.youtube.com/@TheBillKellyPodcastSubscribe to my Substack for free news updates straight to your inbox and exclusive paid contentbillkelly.substack.comConnect with me on socials: @ThisIsBillKellyhttps://twitter.com/ThisIsBillKellyhttps://www.linkedin.com/in/thisisbillkelly/https://www.instagram.com/thisisbillkelly/ Get full access to Bill Kelly's Substack at billkelly.substack.com/subscribe

In this interview, Phil Soper, President and CEO of Royal LePage, discusses the real estate company's latest housing report. Soper talks about where home prices are headed in 2024, what to expect in sales, the impact of increased mortgage rates, the challenge of supply in Canada and affordability. PRESS RELEASE TORONTO, Dec. 14, 2023 /CNW/ – After years of unprecedented irregularity, Canadians may see the real estate market return closer to normal in 2024. According to the Royal LePage Market Survey Forecast, the aggregate1 price of a home in Canada is set to increase 5.5 per cent year over year to $843,684 in the fourth quarter of 2024, with the median price of a single-family detached property and condominium projected to increase 6.0 per cent and 5.0 to $879,164 and $616,140, respectively.2 “Looking ahead, we see 2024 as an important tipping point for the national economy as the majority of Canadians acknowledge that the ultra-low interest rate era is dead and gone,” said Phil Soper, President and CEO, Royal LePage. “We believe that the ‘great adjustment' to tolerable, mid-single-digit borrowing costs will have a firm grip on our collective consciousness after only modest rate cuts by the Bank of Canada.” Home prices are expected to rise next year in all major markets across the country, with Calgary forecast to see the greatest gains. Throughout the second half of 2023, while prices have been declining in other cities, the Calgary real estate market has bucked the trend continuing on an upward price trajectory. Royal LePage's forecast is based on the prediction that the Bank of Canada has concluded its interest rate hike campaign and that the key lending rate will hold steady at five per cent through the first half of 2024. The central bank is expected to start making modest cuts in late summer or fall of next year. Meanwhile, several major financial institutions have already begun offering discounts on fixed-rate mortgages. “For the last year, many Canadians have been fixated on the idea of interest rates needing to come down significantly before they can afford to enter or re-enter the housing market. Acceptance that a mortgage rate of four to five per cent is the new normal should untether pent-up demand as first-time buyers, flush with savings collected during the extended down market in housing, regain the confidence to go home shopping. And, with the return of first-timer demand, we expect families who have put off upgrading their homes to begin to list their properties in much greater numbers,” continued Soper. How we got here Over the last eighteen months, sales activity in most of Canada's major real estate markets has been on the decline, while inventory levels have gradually increased. While transactions are down as much as 20 or 30 per cent in some regions, home prices have only declined modestly during this time, due to a simultaneous drop in demand as buyer hopefuls continue to hold out for lower interest rates. Still, prices remain above 2022 levels. “Canada's real estate market has been on a roller coaster ride for the last four years. A global pandemic briefly brought market activity to a grinding halt in early 2020, followed by a rapid, widespread spike in demand and price appreciation as Canadians sought safety and greater living space in their homes among a world of uncertainty. By the spring of 2022, home prices had reached unprecedented highs, but when interest rates started rising quickly and steeply to combat inflation, the extended market correction began,” said Soper. “Markets take time to adjust. We see a move toward typical home sale transaction levels in 2024, and as the year progresses, appreciating house prices.” Quarterly forecast Nationally, home prices are forecast to see modest quarterly gains in the first two quarters of 2024, with more considerable increases expected in the second half of the year, following the anticipated start of interest rate cuts by the Bank of Canada. The aggregate price of a home in Canada is forecast to be 3.3 per cent higher in Q1 of 2024 compared to the same quarter in 2023, reflecting a 0.5 per cent increase over the fourth quarter of 2023. In the second quarter of next year, the national aggregate home price is forecast to be 0.2 per cent higher year over year and 0.9 per cent above the previous quarter. In the third quarter, home prices are expected to be 3.3 per cent higher year over year and 2.3 per cent higher on a quarterly basis. And, in the fourth quarter of 2024, the national aggregate price of a home is expected to land 5.5 per cent above the same quarter in 2023, an increase of 1.7 per cent quarter over quarter. Based on this forecast, by the end of next year, home prices will have essentially climbed back to their pandemic peak, reached in the first quarter of 2022. Supply shortage and affordability challenges Canada continues to struggle with a chronic housing supply shortage. According to the Canada Mortgage and Housing Corporation, the country needs about 3.5 million additional housing units by 2030 to restore affordability, with the greatest need concentrated in the provinces of Ontario and British Columbia.3 At the current pace of housing construction and considering the rate of new household formation and immigration projections, inventory will remain out of step with projected demand for years to come. “For many years, condominiums have offered an affordable opportunity for entry onto the real estate ladder, in addition to their ‘lock and leave' lifestyle that is typically attractive to young people. Of late, however, this segment of the market has also become out of financial reach for many in major cities like Toronto and Vancouver, where new construction cannot keep pace with growing demand. And, the elevated cost of construction materials and labour are adding additional pressure on builders,” said Soper. “What's more, with ultra-low vacancy rates, the rental market is not the escape route many would-be buyers hope it could be, with monthly lease rates on the rise from coast to coast.” Competing public policy objectives In the federal government's Fall Economic Statement released last month, billions of dollars were committed and reaffirmed towards increased levels of new housing construction. This includes favourable loan agreements and tax benefits for developers of purpose-built rental buildings and public housing projects, as well as financial assistance for municipalities to crack down on short-term rentals in an effort to push more supply onto the resale market in urban centres.4 “It is encouraging to see policy makers tackling Canada's housing affordability issues and supply shortfall, yet there remains a large accessibility gap for first-time buyers and middle-income earners. Those that have salaries or wages that have not kept up with the cost of living find it difficult to achieve the dream of home ownership. Thankfully, many have received financial help from family or friends, yet this is not something Canadians should have to rely upon,” said Soper. “With competing policy objectives – record-high immigration to combat labour shortages, for example – I see little hope that housing construction will meet that need this decade. The demand/supply imbalance will put further upward pressure on home prices. “While uncomfortably expensive housing in our major markets is inevitable, it is imperative that governments adopt quick and extraordinary measures to mitigate affordability challenges and address the housing supply crisis,” concluded Soper. Royal LePage 2024 Market Survey Forecast Table: rlp.ca/table_2024forecast Royal LePage 2024 Quarterly Forecast Table: rlp.ca/table_2024quarterlyforecast MARKET SUMMARIES Greater Toronto Area In the Greater Toronto Area, the aggregate price of a home in the fourth quarter of 2024 is forecast to increase 6.0 per cent year over year to $1,198,012. During the same period, the median price of a single-family detached property is expected to rise 7.0 per cent to $1,481,950, while the median price of a condominium is forecast to increase 5.0 per cent to $754,845. “There is a lot of uncertainty surrounding Canada's economy and the real estate market these days, and that is especially true in the major centres like Toronto. What is certain is that Canadians need housing, they value home ownership and most are willing to prioritize buying a home over just about anything else,” said Karen Yolevski, chief operating officer, Royal LePage Real Estate Services Ltd. “We know there are still buyers on the sidelines waiting for interest rates to come down. What is unclear is how many can afford to jump back into the market at the first sign of a reduction, and how many truly cannot afford to transact in this environment.” Yolevski added that a lot of future activity will be dependent not only on reduced interest rates, but the timing of mortgage renewals. Many would-be move-up buyers who have enjoyed ultra-low rates for the past few years will be willing to make a move as their current loan terms expire. No longer bound to their current property because of the interest rate, more of these owners will put their properties on the market and begin their search for a new home. “The GTA is Canada's most densely-populated region and continues to be the top destination for newcomers. Despite a temporary drop in sales, there remains a huge gap in the number of homes available and those needed to satisfy demand from middle-income earners. This continues to put significant pressure on the already-tight rental market.” Yolevski also noted that investor-owned properties, namely condominiums, could add supply to the market over the next year or two, as mortgages come up for renewal and owners choose to sell rather than renew at a higher rate. “If tenanted properties are not producing positive cash-flow, investors may choose to sell rather than renew their mortgages in this higher-cost borrowing environment. This, in addition to new legislation that incentivizes the development of purpose-built rental properties, could add some much-needed inventory to the entry-level market,” said Yolevski. “It will not be enough, however, to put downward pressure on prices.” Royal LePage 2024 Market Survey Forecast Table: rlp.ca/table_2024forecast Royal LePage 2024 Quarterly Forecast Table: rlp.ca/table_2024quarterlyforecast Greater Montreal Area In the Greater Montreal Area, the aggregate price of a home in the fourth quarter of 2024 is forecast to increase 5.0 per cent year over year to $610,260. During the same period, the median price of a single-family detached property is expected to rise 4.5 per cent to $684,998, while the median price of a condominium is forecast to increase 6.0 per cent to $471,912. “The real estate crystal ball prediction will be made up of many factors in 2024, but the thing to remember is that the reduction in inflation closer to the target rate will not have been enough to curb the increase in real estate prices for very long, due to a chronic lack of supply,” said Dominic St-Pierre, vice-president and general manager, Royal LePage, Quebec region. “Housing is an essential need, and the still-critical shortage of units required to meet demand and population growth is destined to persist, as long as investments by all levels of government fail to materialize in the urban landscape. However, even if interest rates are expected to start dipping next year, consumers will have to adapt to a new reality, as the days of ultra-low rates are over. In the short term, this should keep property price increases in check while households adjust their purchasing behaviours.” In its fall economic update, the Quebec government pledged $1.8 billion over five years to improve access to housing in the province.5 This investment will include actions to accelerate the construction of affordable housing, as well as assistance to municipalities in the form of increased flexibility in urban planning bylaws, measures to facilitate the construction of secondary suites, and support for the training of the construction workforce. “We welcome any initiative aimed at reducing the gap between supply and demand, and applaud the creativity of the various levels of government in multiplying solutions,” said St-Pierre. “However, the challenge is massive, since Quebec requires the addition of more than 1.2 million units by the end of the decade in order to regain some semblance of affordability.” What's more, Montreal is the Canadian city where housing starts fell the most in the first six months of 2023, a 26-year record, and the prognosis for 2024 is not optimal.6 Rising borrowing costs have taken a heavy toll on builders' and developers' portfolios over the past year. For this reason, it is expected that when interest rates start to decline, the pent-up demand will unleash on the condominium segment in the Greater Montreal Area, which will see an appreciation rate slightly higher than that of single-family homes. “In addition to condominiums, the market for single-family homes priced at $1 million and higher should also see an upturn as expectations of lower interest rates materialize,” said Marc Lefrançois, chartered real estate broker, Royal LePage Tendance in Montreal. “For this category of buyers, moving from one property to another is often not an immediate necessity. Many have therefore preferred to wait in order to take advantage of more favourable financing conditions, but could return to the market quickly when the central bank announces the start of a downward cycle in interest rates.” Economic conditions in the province were heavily weighed down at the end of the year by the outbreak of strikes in the public sector, as well as numerous layoffs across a myriad of industries, which could influence consumer confidence regarding large purchases such as a property in 2024, despite a widely expected drop in interest rates. “Savings accumulated by households during the pandemic have begun to run out, keeping pace with inflation and interest rate hikes over the past 21 months,” noted St-Pierre. “Quebec households have a high level of debt, and despite signs of relief in borrowing costs on the horizon, their purchasing power will remain limited. The downward adjustment of the Bank of Canada's overnight rate, even by a quarter per cent, could send a strong message to consumers about future economic conditions. The pace at which interest rates rebalance will also play a big part in the equation,” he continued. St-Pierre added, “The start of 2024 could see the Greater Montreal Area's real estate market get off to a slow start, following a similar trend to the last quarter of 2023. But, we expect the recovery to get underway quickly once interest rates start to fall. Next year is likely to be more active than 2023 in terms of property sales,” he concluded. Royal LePage 2024 Market Survey Forecast Table: rlp.ca/table_2024forecast Royal LePage 2024 Quarterly Forecast Table: rlp.ca/table_2024quarterlyforecast Greater Vancouver In Greater Vancouver, the aggregate price of a home in the fourth quarter of 2024 is forecast to increase 3.0 per cent year over year to $1,281,732. During the same period, the median price of a single-family detached property is expected to rise 2.5 per cent to $1,778,785, while the median price of a condominium is forecast to increase 4.0 per cent to $795,808. “Activity has slowed in recent months allowing some inventory to build, as buyers hold out for a deal or for interest rates to drop, and sellers continue to expect 2021 values for their homes. While this has resulted in a market slowdown, Greater Vancouver could see a brisk spring if interest rates remain steady or dip even a little,” said Randy Ryalls, managing broker, Royal LePage Sterling Realty. “There is still plenty of demand waiting in the wings, and a glimmer of light at the end of the tunnel could easily heat up the market again. Some buyers will rush to transact before the competition gets too tight. Others will wait for multiple rate cuts.” Ryalls noted that while many sidelined buyers are likely to jump back into the market next year if lending rates come down, competition will not be as aggressive as it was two years ago when borrowing costs sat at record lows. “Purchasing power has been deflated. With the rising cost of living and interest rates five or six times higher than they were a few years ago, buyers have less capacity to outbid their competitors. This will keep a lid on price appreciation, even as activity picks up,” said Ryalls. “Some banks have already begun to offer discounts on fixed-rate mortgages, incentivizing some buyers back to the table. Eventually, everyone will have to adjust to the new realities of the market.” Royal LePage 2024 Market Survey Forecast Table: rlp.ca/table_2024forecast Royal LePage 2024 Quarterly Forecast Table: rlp.ca/table_2024quarterlyforecast Ottawa In Ottawa, the aggregate price of a home in the fourth quarter of 2024 is forecast to increase 4.5 per cent year over year to $771,942. During the same period, the median price of a single-family detached property is expected to rise 4.0 per cent to $884,000, while the median price of condominium is forecast to increase 5.0 per cent to $407,190. “The Ottawa market is heavily influenced by interest rates. Even if we see only a modest decrease in rates by the Bank of Canada mid-way through 2024, this move could spark a flurry of buying activity leading into our late summer and early fall market,” said Jason Ralph, broker of record, Royal LePage Team Realty. “These days, only those homeowners who must move for personal reasons are listing their homes. In many cases, those with the luxury of time are staying on the sidelines, waiting for interest rates to come down. This is creating pent-up buyer demand, especially in the always desirable single-family detached segment.” Ralph noted that many first-time homebuyers have been renting as they wait for lower interest rates and improved purchasing power. This is creating a competitive rental market, especially as newcomers relocate to Ottawa for opportunities in the city's thriving public service job market, adding to the already high levels of renter demand. “Though we have returned to a more normalized market post-pandemic, we are not quite in balanced territory yet as demand continues to outweigh supply. As a result, we are expecting a brisk spring market next year,” said Ralph. “Should we see a drop in interest rates, market activity will intensify, resulting in an incline in home prices in the later months of the year and into 2025.” Royal LePage 2024 Market Survey Forecast Table: rlp.ca/table_2024forecast Royal LePage 2024 Quarterly Forecast Table: rlp.ca/table_2024quarterlyforecast Calgary In Calgary, the aggregate price of a home in the fourth quarter of 2024 is forecast to increase 8.0 per cent year over year to $711,612, the highest of all forecast regions. During the same period, the median price of a single-family detached property is expected to rise 6.0 per cent to $803,692, while the median price of a condominium is forecast to increase 9.5 per cent to $286,562. “Although activity has slowed in Calgary, home prices have not dipped like they have in other cities across Canada, due to a sustained shortage of supply,” said Corinne Lyall, broker and owner, Royal LePage Benchmark. “If rates start to come down in the second half of 2024 – as they are predicted to do – it will motivate buyers to jump into the market as their borrowing power improves. Many homeowners will see their mortgages come up for renewal next year, and will be forced to take a higher interest rate. This may push some more inventory onto the market, as overleveraged borrowers downsize in an effort to get some relief from higher monthly payments.” Lyall noted that Calgary has seen a slowdown in the number of interprovincial buyers relocating to the city compared to the past few years. However, investors from other provinces continue to look for real estate opportunities in the Prairies, driving demand in the multi-family segment. “We expect that home prices will rise over the next year, and will outperform other major cities as Calgary's relative affordability continues to attract buyers to the city. A shortage of supply remains a challenge, which will keep prices on an upward trajectory for the foreseeable future as buyers compete for the few homes available,” said Lyall. “Heading into the new year, I predict that we will see a slow start to the market in January and February, a similar pattern to what we saw in early 2023. Once March arrives, buyers and sellers will move off of the sidelines as a brisk spring market begins and consumer confidence strengthens.” Royal LePage 2024 Market Survey Forecast Table: rlp.ca/table_2024forecast Royal LePage 2024 Quarterly Forecast Table: rlp.ca/table_2024quarterlyforecast Edmonton In Edmonton, the aggregate price of a home in the fourth quarter of 2024 is forecast to increase 4.0 per cent year over year to $443,248. During the same period, the median price of a single-family detached property is expected to rise 7.0 per cent to $493,805, while the median price of a condominium is forecast to increase 2.0 per cent to $192,678. “Next year, we expect similar activity to this year, but home values will likely increase as price appreciation falls in line with historical trends. Edmonton continues to experience a shortage of homes relative to demand, which will keep home prices trending upward in 2024. This will only be intensified by the number of residents moving into the city, searching for affordability and work opportunities,” said Tom Shearer, broker and owner, Royal LePage Noralta Real Estate. “We continue to see a gap between buyer expectations and the reality of how far their dollar will stretch. Until they feel that they're getting their money's worth, some buyers will continue to wait on the sidelines, building further pent-up demand.” Shearer noted that Edmonton home prices are largely tied to the oil and gas sector, which continues to be a major driver of employment opportunities. Edmonton has seen a surge in newcomers over the past few years, in addition to Canadians moving to Alberta from other provinces – namely Ontario and British Columbia. “The city's fast-growing population has put upward pressure on home prices,” said Shearer. “In recent years, the province has seen a notable surge in activity and home prices in the city of Calgary, and we believe similar trends are on the horizon for Edmonton.” Royal LePage 2024 Market Survey Forecast Table: rlp.ca/table_2024forecast Royal LePage 2024 Quarterly Forecast Table: rlp.ca/table_2024quarterlyforecast Halifax In Halifax, the aggregate price of a home in the fourth quarter of 2024 is forecast to increase 3.0 per cent year over year to $521,592. During the same period, the median price of a single-family detached property is expected to rise 5.0 per cent to $602,490, while the median price of a condominium is forecast to increase 1.5 per cent to $431,375. “Looking ahead to the 2024 housing market in Halifax, we are feeling quite positive. It is likely that interest rates will be reduced mid-year, which will cause some hesitant or sidelined buyers to jump back into the market,” said Matt Honsberger, broker and owner, Royal LePage Atlantic. “Those in the rental market – who are currently paying higher-than-normal prices due to tight competition in this segment – will be especially motivated to transition into home ownership. Many move-up buyers, who have patiently been biding their time until borrowing rates improve or their mortgages come up for renewal, are also expected to re-enter the market in the new year.” Honsberger noted that investors from Ontario and Alberta are an active buyer group in Nova Scotia. This demand is not exclusive to the investor-friendly condominium segment, but is also present in the single-family and new construction markets as well, despite the non-resident tax applicable to all transactions by out-of-province buyers. “Though we will experience the typical seasonal slowdown in the first weeks of the new year, I expect January will still be up in terms of prices and activity compared to the same time this year. Sales are likely to begin increasing in February and March, as more inventory comes online. And, if we see one or two rate cuts in the fall, a boost of activity will follow,” said Honsberger. Royal LePage 2024 Market Survey Forecast Table: rlp.ca/table_2024forecast Royal LePage 2024 Quarterly Forecast Table: rlp.ca/table_2024quarterlyforecast Winnipeg In Winnipeg, the aggregate price of a home in the fourth quarter of 2024 is forecast to increase 3.0 per cent year over year to $396,447. During the same period, the median price of a single-family detached property is expected to rise 4.0 per cent to $440,232, while the median price of a condominium is forecast to increase 2.0 per cent to $263,568. “Every year, the Winnipeg real estate market follows a similar pattern – slow through the winter months with a rise in activity in the spring, followed by a quieter summer and then a slow decline for the remainder of the year. We expect 2024 will look much like a typical year, resulting in modest price increases as consumer confidence strengthens,” said Michael Froese, broker and manager, Royal LePage Prime Real Estate. “Single-family detached homes will likely see the majority of next year's price growth, especially in the highly-sought-after $300,000 to $400,000 price range.” Froese added that he is not overly concerned that the expected wave of upcoming mortgage renewals will force many homeowners to have to list their homes due to higher monthly costs. “As has always been the case, Canadians value home ownership. When faced with financial strain, most people will cut back on discretionary spending and make other concessions before resorting to selling their homes,” he added. “While it may not be as strong of a seller's market as it was two years ago, prices are anticipated to remain buoyant as buyer demand is expected to continue outweighing available home supply, even in the slower months.” Royal LePage 2024 Market Survey Forecast Table: rlp.ca/table_2024forecast Royal LePage 2024 Quarterly Forecast Table: rlp.ca/table_2024quarterlyforecast Regina In Regina, the aggregate price of a home in the fourth quarter of 2024 is forecast to increase 3.0 per cent year over year to $381,306. During the same period, the median price of a single-family detached property is expected to rise 4.0 per cent to $417,456, while the median price of a condominium is forecast to increase 2.5 per cent to $228,063. “Like many cities across Canada, higher interest rates have prompted buyers to hit pause as their borrowing capacity has diminished. As a result, demand is building on the sidelines as consumers wait anxiously for borrowing costs to come down,” said Shaheen Zareh, sales representative, Royal LePage Regina Realty. “Although it is highly unlikely we will see rates as low as one or two per cent again – at least not anytime soon – I do believe some of that sidelined demand will re-enter the market once rates are cut, even if only by a small amount.” Zareh added that rental prices have climbed in Regina as higher mortgage rates have kept would-be buyers in leased properties for longer. This has constrained rental supply and pushed prices up, making the cost of monthly rent comparable to a mortgage payment in some cases. “Overall, supply remains constrained. I expect prices will see a modest increase in 2024, not only in the detached segment but in the condo market as well. There has been a lot of activity in the condominium segment as of late, despite the property type not being particularly popular in the region, historically. We have seen an uptick in condo sales thanks to first-time buyers who are seeking a more affordable option that will allow them to get a foot on the property ladder sooner.” said Zareh. “Many young buyers would much prefer a new condo for $200,000 over a detached fixer-upper that costs $100,000 more.” Zareh noted that many short-term pandemic-era mortgages are expected to come up for renewal next year, which could have an impact on supply as homeowners weigh the decision to renew or sell their homes and downsize into a more financially manageable property. About the Royal LePage Market Survey Forecast The Royal LePage Market Survey Forecast provides year-over-year and quarter-over-quarter price expectations nationally and for Canada's nine most prominent real estate markets. Housing values are based on the Royal LePage National House Price Composite, produced quarterly through the use of company data in addition to data and analytics from its sister company, RPS Real Property Solutions, the trusted source for residential real estate intelligence and analytics in Canada. Additionally, commentary on housing market trends and data on price and forecast values are provided by Royal LePage residential real estate experts, based on their opinions and market knowledge. About Royal LePage Serving Canadians since 1913, Royal LePage is the country's leading provider of services to real estate brokerages, with a network of approximately 20,000 real estate professionals in over 670 locations nationwide. Royal LePage is the only Canadian real estate company to have its own charitable foundation, the Royal LePage Shelter Foundation, which has been dedicated to supporting women's shelters and domestic violence prevention programs for 25 years. Royal LePage is a Bridgemarq Real Estate Services Inc. company, a TSX-listed corporation trading under the symbolTSX:BRE. For more information, please visit www.royallepage.ca. Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #CanadasNumberOnePodcastforentrepreneurs #entrepreneurship #Homes #Housing #smallbusiness

Alex Pierson speaks with Mike Moffatt, Founding director of PLACE Centre at the Smart Prosperity Institute, about the federal government reviving a Canada Mortgage and Housing Corporation program to provide standardized housing blueprints to builders, nearly 80 years after it was first brought in. Learn more about your ad choices. Visit megaphone.fm/adchoices

Host Alex Pierson speaks with Tom Korski, Managing Editor of Blacklocks Reporter, about Cabinet must establish a federal task force to protect religious freedoms, the Commons justice committee yesterday wrote in a report to Parliament, Cabinet has no plan to solve the housing crisis, the CEO of Canada Mortgage and Housing Corporation said yesterday. All this and more! Learn more about your ad choices. Visit megaphone.fm/adchoices

LEAD-THE ZOOMER SQUAD: REMEMBERING ROSALYNN CARTER Marissa Lennox is joined by Rudy Buttignol, President of CARP,  Anthony Quinn,  Chief Community Officer of CARP and Peter Muggeridge, Senior Editor of Zoomer Magazine. This week: Ottawa is set to release its Fall fiscal update on Tuesday. CARP wants to know if there will be anything in it for its members. Meanwhile, the wife of former U.S. President Jimmy Carter has passed away. Rosalynn Carter was 96. Our panel reflects on their legacy together. Also a report from the Canada Mortgage and Housing Corporation shows a trend of older adults choosing to age at home primarily due to greater wealth and health. The survey looked at major Canadian cities including: Vancouver, Toronto, Calgary, Edmonton, Ottawa and Montreal. LANDSCAPE ARCHITECT PARTS WAYS WITH ONTARIO PLACE DEVELOPMENT PLANS Marissa Lennox is joined by Walter Kehm, a former director of the University of Guelph's school of landscape architecture and former senior principal at Toronto-based LANDinc and Norm Di Pasquale, Co-Chair of Ontario Place for All. A landscape architect has left his company which has a contract with the Ford government for the Ontario Place redevelopment project. He has decided to step away because he says the redevelopment poses a threat to the important wildlife habitat by leading to the clearing of hundreds of trees in the area. Meanwhile, there is also controversy over the 95 year lease that Austrian developer Therme signed for the $350-million spa it plans to build there. And, currently, the provincial auditor general is investigating the government's Ontario Place plans. So, where do we go from here? FEDERAL COURT OVERTURNS OTTAWA'S SINGLE USE PLASTICS BAN Marissa Lennox is now joined by Ashley Wallis, Associate Director of Environmental Defence. The federal Canadian Court has shut down Ottawa's single-use plastics ban. Tune in to find out why and what this potentially means for Canadian food businesses. Listen live, weekdays from noon to 1, on Zoomer Radio!

Roy L Hales/ Cortes Currents - It's been a month since hundreds of Campbell River residents were shocked to learn that their city council appeared to be punishing the local art gallery for not confronting the homeless people camped outside its doors.  As city councilor Ron Kerr put it, :We certainly don't need to give them tax deferrals if they're not working with us." Local MP Rachel Blaney referred to the incident in the House of Commons when speaking about the housing and homelessness crisis: "My region has seen the largest increase of unhoused people on record. There was a 106% jump in the Comox Valley and almost 70% percent in Campbell River. This is a catastrophe. The Prime Minister says housing is not a federal responsibility, as people and communities move beyond a crisis point. This while Conservative council members in Campbell River have begun targeting non-profits who provide essential services to the unhoused. When are the Liberals going to be an actual federal partner and build people homes? "   Peter Fragiskatos, Parliamentary Secretary to the Minister of Housing, responded, "This federal government has been a partner to, namely, not for profit organizations that are doing outstanding work on the ground." Rachel Blaney is my guest on Cortes Currents this morning.   Her statistics on homelessness in her riding are correct. According to the most recent Point In Time count, the unhoused populations of the Comox Valley and Campbell River have grown to 272 and 197 respectively.  Even more alarming, a significant number of them appear to have had homes last year and said they can no longer afford to pay the rent.    The homeless crisis is also found in rural areas. On Cortes Island for example, at least 46 people are known to have couch-surfed or found some other temporary shelter last year, and another 11 lived outdoors.   Cortes Currents: "So Rachel, why are you holding the Liberal government responsible?" Rachel Blaney: "If you think back before 1997, the Canada Mortgage and Housing Corporation (CMHC) used to have a particular branch of that department that built between 15,000 to 20,000 units across the country every year. If we had seen that continue,  I think we would still be in a bit of a housing crisis, but it would not be anywhere to the extent that it is today."   "Neither the Conservative or Liberal governments have really replaced that.  A lot of the money that's going out for so-called 'social housing' is based on the market value.  That means investors are getting money to build what they call 'social housing,' but right now we know the market is really high. I think at this point it's $2,500 to $3,000 a month, just for a one bedroom apartment. It's really not making sure that we're seeing housing that's affordable." "We've also seen  a lot of corporations buying up what used to be social housing or low income housing. They're renovating it, evicting everyone and then renting out at a much higher rate. This has been happening since 1997 and I think the cumulative effect has really left us across this country in a significant housing crisis."

Elias Makos is joined by Paul Gott, Lead singer and guitarist for Montreal Punk Rock band the Ripcordz and a journalism professor at Concordia, and Anne Lagace-Dowson, political analyst. Things are getting very tense in Park Ex. Last night's borough council meeting was met by throngs of protestors fighting against and for the recently installed bike paths A new report from the Canada Mortgage and Housing Corporation says Canadian households now have more debt than the entire value of our economy An average of $1,800 a month is spent by Canada's Governors General on dry cleaning

Canada Mortgage and Housing says this province needs 10-thousand new housing units every year for the next six years to satisfy demand. The construction industry is trying to ramp up new housing builds to meet the need, but Matt Mallam, Chair of the province's Construction Association, says there are many challenges.

We spoke with Deputy Chief Economist with the Canada Mortgage and Housing Corporation, Aled Ab Iorwerth, about how many new housing units the province would need in order to address the housing crisis.

This week is a jam packed episode that really underscores the housing crisis in Canada is hitting unprecedented levels. With projections from the Canada Mortgage and Housing Corporation (CMHC) indicating a severe shortage of up to 4 million housing units by the year 2030, this crisis is expected to have far-reaching consequences, including a staggering 89% increase in housing prices over the next 6 years, according to CMHC estimates. That puts the average home price at an eye-watering $2,295,000 by 2030. To put this into perspective, you would need to save $181,000 per year until 2030 just to offset the difference in price from today's number.Although it may seem impossible, these projections come against the backdrop of a relatively modest 15% increase in housing prices over the past six years. However, the past four years have witnessed a more significant surge, with prices climbing by 36%, harking back to the alarming 84% increase observed from 2010 to 2016.GDP data offers insights into the country's overall economic health and depending on how you look at it, two out of the last three quarters have seen a decline in GDP and the last quarter having contracted. This signals that the interest rate hikes imposed over the las 18 months are beginning to take effect. Household spending has hit a two-year low, and residential investment has plummeted for five consecutive quarters. While it has returned to pre-COVID levels, new home construction has dropped by 8.2%.While building permits are at 20 year lows, developers with imminent projects have moved forward. In Greater Vancouver, inventory has increased by 11% in the first two weeks of September, reaching its highest level in three years, potentially indicating a more favourable market for frustrated buyers in the short run. In terms of rate hikes, expectations have shifted significantly. Initially, there was a nearly 100% probability of a 0.25% rate hike by January 2024, but this has now dropped to around 40%. The markets now believe that Canada may have reached a rate hike peak, barring unexpected large increases in inflation reports. The fear is that a contracting GDP may lead to a recession, with the potential consequences yet to be fully understood. So much to unpack in this one! _________________________________ Contact Us To Book Your Private Consultation:

François-Philippe Champagne, Industry Minister; Aled ab Iorwerth, Canada Mortgage and Housing Corporation; The Front Bench with: Christy Clark, John Tory and Judy Trinh.

Elias Makos welcomes in David Heurtel, Former Quebec liberal cabinet minister, Council at Fasken and political analyst, and Andrew Caddell, a town councillor in Kamouraska, columnist for the Hill Times in Ottawa and President of the Task Force on Linguistic policy. The Canada Mortgage and Housing Corporation says Canada needs 3.45 million homes by the end of the decade, and that the country's three largest cities are at risk of losing people as housing costs soar New polling from Abacus continues the bad news for the Liberals and high times for Pierre Poillievre and the Conservatives “English Week” at a Quebec City CEGEP caused a conniption fit in the National Assembly

Interest rates have steadily climbed, and some homeowners are paying double or triple what they were before those hikes started. Tania Bourassa-Ochoa, a senior specialist with the Canada Mortgage and Housing Corporation, talks about the effects of those rate increases.

According to the Canada Mortgage and Housing Corporation (CMHC), Canada now has the highest level of household debt in the G7, with mortgages making up 75% of money owed. Guest: Barry Choi, Finance Expert. Learn more about your ad choices. Visit megaphone.fm/adchoices

According to the Canada Mortgage and Housing Corporation (CMHC), Canada now has the highest level of household debt in the G7, with mortgages making up 75% of money owed. Guest: Chetan Dave. Economist, University of Alberta Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's podcast: The Week in Politics and the Johnston Report. Guest: Bryan Passifiume. National Post Reporter. More Thoughts on the Johnston Report and What Comes Next. Guest: Charles Burton, Senior Fellow, Macdonald-Laurier Institute. According to the Canada Mortgage and Housing Corporation (CMHC), Canada now has the highest level of household debt in the G7, with mortgages making up 75% of money owed. Guest: Barry Choi, Finance Expert. A Nova Scotia farming group have raised concerns about how much water they'll be able to use for agriculture amid a dry spring. Guest: Allan Melvin, a sixth-generation farmer from the Annapolis Valley and President of the Nova Scotia Federation of Agriculture. --------------------------------------------- Host – Arlene Bynon     Executive Producer – Kelsey Campbell     Content Producer – Demi Knight Technical Producer – Belal Masri Podcast Producer – Tom McKay Podcast Co-Producer - Matt Taylor If you enjoyed the podcast, tell a friend! For more of the Roy Green Show, subscribe to the podcast! https://globalnews.ca/roygreen/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Guy Saint-Jacques, former Canadian Ambassador to China; Peter MacKay, former foreign affairs minister; Aled ab Iorwerth, Canada Mortgage and Housing Corporation; Richard Madan, CTV News; Stephen McNeil, former N.S. premier; Alison Redford, former Alberta premier; Gurratan Singh, Crestview Strategy; and Joyce Napier, CTV News.

If you thought there already weren't enough homes to go around, the Canada Mortgage and Housing Corp. (CMHC) wants you to know you ain't seen nothing yet. Faced with a litany of annoying bugs and bewildering product changes, many Twitter users are looking for an alternative—the question has always been, what would that alternative be? The federal government is making it easier for you to win arguments with airlines' customer service departments. Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO

What's the difference between a financial advisor and a financial planner? How do you know if you can trust the person selling you life insurance? My guest this week is answering these questions and so much more! Joining me today is Huston Loke, the Executive Vice President of Market Conduct at the Financial Services Regulatory Authority of Ontario (FSRA). Huston Loke, along with FSRA, aims to help protect consumers getting a mortgage, buying life insurance, and working with financial professionals. The Financial Services Regulatory Authority of Ontario (FSRA) was launched in 2019 but has already made significant progress in helping protect consumers seeking financial advice and services. Huston has previously served as a committee member of the Financial Stability Board and an advisor to the CEO of the Canada Mortgage and Housing Corporation (CMHC), and as the Director of Corporate Finance at the Ontario Securities Commission (OSC). In this episode, Huston shares what exactly FSRA is doing to help protect consumers in Ontario and the red flags to look out for when seeking financial services. Additionally, he also explains the difference in financial titles and services that tend to confuse most consumers. For full episode show notes visit: https://jessicamoorhouse.com/361

A day after the United States and Germany each announced they would be sending tanks to the Eastern European country, Canadian officials confirmed Canada will donate battle tanks to Ukraine as well as send Canadian Armed Forces to train Ukrainian soldiers. Plus, the Canada Mortgage and Housing Corporation has released this year's annual rental market report and notes that in part migration continues to drive higher demand for rental space. And Canada joined two climate coalitions last week – and an economist says one of them will definitely raise prices for consumers. These stories and more on The Daily Brief with Anthony Furey and Cosmin Dzsurdzsa! Learn more about your ad choices. Visit megaphone.fm/adchoices

Canada is facing both a climate crisis and a housing crisis, and they are interconnected. Choices we make about our homes impact the environment: their location and how much we need to use a car to get around, the heat source that they use, the materials used in their construction. At the same time, the climate impacts our homes: when severe weather strikes and causes damage to our homes, we have no choice but to rebuild, and even if we escape unscathed, we still have to decide how much to change our lifestyles to adapt to a changing climate. Andrew DeFazio, Climate Change Advisor at Canada Mortgage and Housing Corporation (CMHC) joins us to explore how we can climate-proof our housing strategy and home-proof our climate strategy.  

While prices for homes in Canada have fallen, they are still higher than last summer. What does this mean for the housing market in Nova Scotia? We hear from a Royal LePage real estate agent and a senior analyst for the Canada Mortgage and Housing Corporation.

Rents are on the rise in Canada, making it harder for tenants to find a place that fits their budget. The Canada Mortgage and Housing Corporation's definition of "affordable" housing is a place that costs you less than 30 per cent of your household's income. But in Vancouver, where the average monthly rent for a two-bedroom is now $3,597 — you'd have to earn more than $150,000 for that rent to be affordable. In Toronto, your household would have to make more than $135,000. On today's episode of Front Burner, Andy Yan, director of the City Program at Simon Fraser University in B.C., breaks down what's happening with rents and what could be done to help make them more affordable.

Amazon has introduced its first fully-autonomous mobile robot designed to safely and easily lift and move large carts around its warehouses, part of a larger effort to automate its sprawling fulfillment centres. Canadian airlines will soon need to offer customers a refund for cancelled or delayed flights, even if the reason for the disruption is beyond the airline's control thanks to changes to Canada's Air Passenger Protection Regulations. Grab a hammer and nails, we've got work to do: according to a new report from the Canada Mortgage and Housing Corp (CMHC), Canada needs to build 5.8 million homes by 2030 to make housing affordable again. The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Richard Madan, CTV News; Yasir Naqvi, Liberal MP; Raquel Dancho, Conservative MP; Alistair MacGregor, NDP MP; Aled ab Iorwerth, Canada Mortgage and Housing Corporation; Yevheniya Kravchuk, Member of Ukraine Parliament; Adrian Ghobrial, CTV News; Ian Bailey, the Globe and Mail; and Tonda MacCharles, the Toronto Star.    

This week we welcome Don Fugler for the second show in our series with the founding fathers and pioneers of today's indoor environmental quality industry. During our first show J. David Miller, PhD mentioned how important Don was during the early research projects that led to solutions for common IEQ problems. This week we look forward to talking with Don about his contributions to our current understanding of indoor environments and his thoughts on what the future holds.   Don Fugler spent 25 years conducting research projects for Canada Mortgage and Housing Corporation (CMHC), in the areas of residential energy use, ventilation, and indoor air quality. Between 1985 and 2010, he managed over 100 research projects. During that period, he published CMHC research reports; wrote and distributed summaries in Research Highlights and About Your House documents and lectured at conferences and meetings. Since 2011, Don's consulting work has addressed indoor air quality and energy issues for federal departments, NGOs, and individuals. He is active on CSA standards committees (carbon monoxide sensors, residential depressurization) and CGSB (radon). He helped initiate ROCIS (rocis.org) and the Low Cost Monitoring Project through program design and development of the monitoring process participants would follow. He currently concentrates on the house-based factors, such as the entry rate of outdoor pollutants, the distribution of pollutants within the dwelling, the activities within the house that create particles, and the means of reducing the concentrations of particles and other measured pollutants. LEARN MORE this week on IAQ Radio+.

FREE report 7 Simple Steps to Becoming Your Own Banker -  http://7steps.ca/    Wealth Without Bay Street EPISODE #106: On today's episode of Wealth Without Baystreet, Jayson and Richard challenge an article's view about taxing homeowners in Canada. The Canada Mortgage and Housing Corporation supports the proposal of a surtax on homes valued at $1 million or more. Jayson and Richard talk about how this would hurt the middle class, hard working citizens of the country.    IN THIS EPISODE, YOU WILL LEARN:  0:00 Introduction 2:48 Looking Into The Article 5:20 Digging Deeper Into The Problem 10:02 The Government's Spending Problem 14:59 Origin of Income Tax in Canada 16:37 Real Estate Values 24:10 Why This Article Should Bother You   BNN Bloomberg Article: https://www.bnnbloomberg.ca/cmhc-backed-report-calls-for-surtax-on-1m-homes-1.1703518?fbclid=IwAR2T9R14BWOfNlHLGCYaUg6tBddcSTfjZLgY678wLsnCKIWSRC8rxGNTa8o Federal Reserve Money Supply Graph: https://fred.stlouisfed.org/series/M1SL

FREE report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/    Wealth Without Bay Street EPISODE #106: On today's episode of Wealth Without Baystreet, Jayson and Richard challenge an article's view about taxing homeowners in Canada. The Canada Mortgage and Housing Corporation supports the proposal of a surtax on homes valued at $1 million or more. Jayson and Richard talk about how this would hurt the middle class, hard working citizens of the country.    IN THIS EPISODE, YOU WILL LEARN:  0:00 Introduction 2:48 Looking Into The Article 5:20 Digging Deeper Into The Problem 10:02 The Government's Spending Problem 14:59 Origin of Income Tax in Canada 16:37 Real Estate Values 24:10 Why This Article Should Bother You   BNN Bloomberg Article: https://www.bnnbloomberg.ca/cmhc-backed-report-calls-for-surtax-on-1m-homes-1.1703518?fbclid=IwAR2T9R14BWOfNlHLGCYaUg6tBddcSTfjZLgY678wLsnCKIWSRC8rxGNTa8o Federal Reserve Money Supply Graph: https://fred.stlouisfed.org/series/M1SL

Kelvin Ndoro is a senior economics analyst with the Canada Mortgage and Housing Corporation.

Shondell Varcianna, CEO & Founder of Varci Media talks about What Types of Social Media Marketing should LOs do in 2022? Highlights include: go where your customers are; importance of customization; what is the art of snippets and repurposing and the magic number 750 for Blogs. Shondell has been in financial services for over 20 years with Bank of Montreal and Canada Mortgage and Housing and the last seven of those years with her own social media firm, Varci Media located in Atlanta, GA. With social media marketing gaining such prominence, you will enjoy Shondell's insights on this very timely topic.