Federal housing minister Ahmed Hussen told a House of Commons committee that the country needs more houses urgently. “We need more housing supply in Canada,” he told the Public Accounts Committee on May 18. “We have the fastest-growing population in the G7. We have a very low housing supply of all types.” According to Blacklock’s Reporter,…
Canada in Short Supply of Housing; Industry Calls for Cuts to Taxes, Fees
Tens of Thousands of Approved Housing Projects at a Standstill Due to Cost Pressures
Developers are putting a hold on approved residential housing projects because of surging construction costs at a time when Australia is expecting well over a million migrants within the next five years. According to a new analysis by KPMG Australia, the plateau in property prices combined with about a 30 percent increase in construction costs…
Landlords Are Losing Their Homes — Here’s Why | Chris Moore
“During the eviction moratorium, to ask a tenant to pay rent could be viewed as harassment to the tenant.” Siyamak sits down with Chris Moore, board member of the Bay Rental Housing Association. He shares with us his first-hand experience being a landlord in California and why he thinks the eviction moratorium is hurting the…
LIVE 10 AM ET: Senate Banking Committee’s Hearing to ‘Holding Executives Accountable’ on ‘Recent Bank Failures’
U.S. Senate Committee on Banking, Housing, and Urban Affairs holds a hearing on Holding Executives Accountable After Recent Bank Failures at 10:00 a.m. ET on May 4. Ms. Da Lin, Assistant Professor of Law, University of Richmond School of Law; Mr. Thomas Quaadman, Executive Vice President, Center for Capital Market Competitiveness, U.S. Chamber of Commerce;…
LIVE NOW: Senate Banking Committee’s Hearing to ‘Holding Executives Accountable’ on ‘Recent Bank Failures’
U.S. Senate Committee on Banking, Housing, and Urban Affairs holds a hearing on Holding Executives Accountable After Recent Bank Failures at 10:00 a.m. ET on May 4. Ms. Da Lin, Assistant Professor of Law, University of Richmond School of Law; Mr. Thomas Quaadman, Executive Vice President, Center for Capital Market Competitiveness, U.S. Chamber of Commerce;…
Senate Banking Committee’s Hearing to ‘Holding Executives Accountable’ on ‘Recent Bank Failures’
U.S. Senate Committee on Banking, Housing, and Urban Affairs holds a hearing on Holding Executives Accountable After Recent Bank Failures at 10:00 a.m. ET on May 4. Ms. Da Lin, Assistant Professor of Law, University of Richmond School of Law; Mr. Thomas Quaadman, Executive Vice President, Center for Capital Market Competitiveness, U.S. Chamber of Commerce;…
UK Housing Market Sees ‘Signs of a Recovery’ After 7 Consecutive Falls
April saw a 0.5 percent rise in house prices in Britain, in the first surge since August 2022. However, financial experts have argued that Britons should expect a “fairly pedestrian” upturn in the housing market, if any, owing to the ongoing imbalance between low wages and rising inflation. Nationwide Building Society, a British mutual financial…
More Aussies Eligible for Housing Affordability Schemes
Friends and family members looking to buy their first home together will be among many more Australians set to benefit from an expansion of three government housing schemes. The first home guarantee and its regional and family home equivalents will have their criteria expanded from July 1, to help more Australians achieve home ownership. The…
Rents Hit Fresh High as UK Housing Supply Remains Squeezed
Average rents have continued to hit new record highs as the amount of available housing continues to fall short of demand, a property website has said. The average rent being asked across Britain outside London, which has been rising every quarter since the end of 2019, has reached a new record high of £1,190 per…
Report Finds ‘Growing Mismatch’ Between Housing Demand and Supply in Canada
Canada’s housing market is not only facing the challenges of rising prices and supply shortages, but there is also a “growing mismatch” between the housing types being built and those preferred by many Canadians, according to a new report. The report, published by the Fraser Institute on April 13, found that real estate markets Canada-wide…
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