At a high level there are two components to the value of a house. There’s the value of the land and there’s the value of all the improvements. That is, the bricks, wood, and other stuff that form the actual house. When a media outlet… Read More
Here are a few things to consider. One, the home you live in was likely built by a person or company that was trying to make a profit. Two, when your home was being developed and built, it probably upset a bunch of people. Both… Read More
I was “on site” this morning for the installation of the helical piers for my laneway suite (that will be the topic of a separate post). More often than not, I’m in the office. But I like going on site because, well, building things is… Read More
A recent market report from Zillow has found that urban and suburban housing markets in the US haven’t actually diverged all that much as a result of this pandemic. Despite what you might be reading in the news, Zillow’s national listing data does not seem… Read More
Toronto has more people living in apartments than not. Looking at 2016 census data, the City of Toronto has about 1,112,930 occupied private dwellings and the breakdown between apartments (both lower and higher than 5 storeys) and grade-related housing is roughly 60/40. If you look… Read More
Back in April, the US Census Bureau started running weekly surveys in order to try and assess how COVID-19 was impacting people’s lives. They call this the “Household Pulse Survey.” They’re now up to week 12, with the latest data running up until July 21,… Read More
In Athens, I have a learned, there is something known as antiparochi. The practice took hold in the middle of the 20th century at a time when Athens was in desperate need of new housing. Supposedly during the 1950s, an estimated 560,000 people came to… Read More
The Wall Street Journal reported today that the median home price across the United States rose 8% year-over-year in March to $280,600. One explanation for this is that while, yes, demand did drop off, so too did supply and that has led to a shortage… Read More
This week it was reported that a South American family has bought and closed on ~$27 million worth of residential condos at Waterline Square in Manhattan. Apparently they went into contract (after the online showings) and closed on the same day, which I suppose you… Read More
Yesterday I made a comment on Twitter about most people not understanding to what extent government bureaucracy inhibits the delivery of new housing in this city. It received a number of responses, including remarks about how development charges have also recently doubled and how this… Read More
