Here is an interesting chart, from Mike Moffat, that looks at housing completions — both ownership and rental — in the province of Ontario. The way to read this chart is that, for each date, you are looking at completions for the previous 10 years.… Read More
The Canada Mortgage and Housing Corporation (CMHC) recently published its latest data on housing starts, housing under construction, and housing completions. Here are a few of the highlights: Canada saw 271k housing starts last year (2021). This includes single-detached housing and multiples, which captures semi-detached… Read More
In the fourth quarter of last year, the average house price to earnings ratio in the UK was about 8.4x. Apparently this is about as high as it has been in the past 120 years. But interestingly enough, if you go back to the 19th… Read More
Whenever I read studies that cite census data, I’m often left feeling like the data is out-of-date. Five years – which is how often Canada conducts its national census – is a long time. Somebody could move to this country for school, complete a 4-year… Read More
Earlier this month, the Royal Bank of Canada and the Pembina Institute co-published a report on Toronto’s housing market called “Priced Out”. The overarching argument is that homebuyers in the Greater Toronto Area (GTA) are being “priced out” of the areas in which they really… Read More
BRANDON DONNELLY 