What’s going on with condo affordability?
We know that single detached affordability will get worse and worse over the long run simply because houses will get more and more rare as a percentage of available homes. That means the remaining houses...
Category: Affordability
Priced out forever?
I’ve spilled a lot of virtual ink on affordability on this blog and why I believe it matters. In short, there are generally two affordability stories: For condos, affordability has oscillated between bad and good...
Exploring scenarios for future affordability
This post is 2 years old. The data and my views may have since evolved.We know that rising prices have led to severely deteriorated affordability, with especially detached properties breaking out of the historical ranges...
A different way to look at affordability
This post is 3 years old. The data and my views may have since evolved.I often talk about and measure affordability on this blog for a few reasons. It’s the one metric that very clearly...
How to fix the housing crisis
This post is 3 years old. The data and my views may have since evolved.The housing crisis is complex and multi-faceted. If anyone ever tells you that we only need to do one thing to...
When are high prices a bubble?
This post is 3 years old. The data and my views may have since evolved.The market for single family homes is completely off the hook out there. 55% are selling for over the asking price,...
April 6 Market Update
This post is 4 years old. The data and my views may have since evolved.The shutdown continues, and so far the number of sales keeps sliding downwards. As I said last week, this is a...
Affordability: We’re not there yet
This post is 5 years old. The data and my views may have since evolved.Anyone reading this blog for a while knows I have a thing for affordability. That measure encompassing the monthly cost of...
The affordability distribution
This post is 5 years old. The data and my views may have since evolved.I find there are a lot of misconceptions out there about affordability. It is, at least how I define it, a...
The gap
This post is 6 years old. The data and my views may have since evolved.The Bank of Canada raised rates again yesterday, bringing the overnight rate from 1.5% to 1.75% and making this the 5th...