In Florida, they’re snowbirds, in B.C., they’re speculators

Penalizing foreign homebuyers fails to address the fundamental problem: a lack of available houses

In Florida, they’re snowbirds, in B.C., they’re speculatorsBy Josef Filipowicz and Steve Lafleur The Fraser Institute Florida is a popular destination for retirees and vacationers. Not surprisingly, many people from colder northern states and Canada either rent or own property in Florida to escape harsh winters. In fact, temporary residents in Florida (also known as snowbirds) number more than one million by…

How B.C. can escape its painful housing trap

Instead of targeting affordable housing, B.C. government should be targeting housing affordability

How B.C. can escape its painful housing trapBy Josef Filipowicz and Steve Lafleur The Fraser Institute The B.C. government’s recent budget included a 30-point plan aimed at the province’s housing woes. The aim was off the mark. Most of the plan’s points fit into two broad categories: reducing demand by raising property transfer taxes, for non-residents and on homes over $3 million,…

CMHC lending practices threaten Canada’s economy

Canadians need to ask if they should own a Crown corporation that could cost them dearly or if they prefer to have that money invested in more secure places

CMHC lending practices threaten Canada’s economyThe Canada Mortgage and Housing Corp. (CMHC) represents a significant risk to the Canadian economy. It’s dangerous for government to be involved in a venture that monopolizes a significant part of an economy. Canadians are exposed in much the same way Americans were when the U.S. economic bubble burst in 2008. What’s the alternative? Selling…

Non-permanent residents most likely to hold mortgages in Canada’s major centres

Report released on Tuesday by Canada Mortgage and Housing Corp.

Non-permanent residents most likely to hold mortgages in Canada’s major centresA report released on Tuesday by Canada Mortgage and Housing Corp. says the share of mortgages held by non-permanent residents is most evident in Canada's major metropolitan areas. The Rise of Non-Permanent Residents and Their Effect on Housing report found that in 2016, 3.9 per cent of mortgages issued in Vancouver were held by non-permanent…

Calgary housing market moderately vulnerable: CMHC

‘Growth in employment and in the young adult population have helped support housing demand and price levels in Calgary’

Calgary housing market moderately vulnerable: CMHCThe latest Housing Market Assessment report by Canada Mortgage and Housing Corp. indicates Calgary's real estate market is experiencing a “moderate degree of vulnerability.” The objective of CMHC’s assessment is to identify locations in which there are heightened vulnerabilities to housing market instability from the level of house prices and/or from factors that are known…

King-for-a-day solutions to homelessness don’t work

If we’re serious about ending homelessness, we need to institute long-term solutions across all levels of government

King-for-a-day solutions to homelessness don’t workThree years ago, I set out for clinic on the kind of morning like those we’ve been having in Toronto lately, where the hair in your nostrils freezes with each breath. I had walked about two intersections before I realized my fingers were stiff from cold – of course, I had forgotten my gloves. So…

The urban squeeze myth laid bare

Concerns about density are misplaced – Toronto and Vancouver have plenty of room to grow up and grow more affordable

The urban squeeze myth laid bareBy Josef Filipowicz and Kenneth P. Green The Fraser Institute Headlines about housing affordability in Canada mainly concern two cities – Toronto and Vancouver. In both cities and their surrounding areas, rental vacancies hover at or below one per cent, and home prices remain historically high. So Canada’s most desirable markets face tremendous pressure to…

Landlord-tenant conflicts often come down to respect

Most conflicts would simply evaporate if everyone took the time to adhere to some simple and fundamental courtesies

Landlord-tenant conflicts often come down to respectWhy are tenants and their allies already protesting landlords in Vancouver as 2018 dawns? They’re outraged that a landlord would have the audacity to apply for an eviction order to remove a tenant who hasn’t paid the rent. How inconsiderate of them. And a few of those landlords are trying to make repairs to their…

Market factors, not national strategies, make housing affordable

As homes age, they should filter through various socio-economic strata. But construction approval roadblocks slow that process to a crawl

Market factors, not national strategies, make housing affordableBy Josef Filipowicz and Steve Lafleur The Fraser Institute The federal government’s new National Housing Strategy will benefit specific groups but doesn’t target broader affordability issues in Canada’s most expensive housing markets. The strategy includes a portable “housing benefit” of $2,500 per year, on average, to low-income households. It also proposes the construction or renovation of hundreds…

The work to end poverty and homelessness is just beginning

The National Housing Strategy’s $40-billion investment is good news for Canada. But the devil is in the details

The work to end poverty and homelessness is just beginningAt last, Canada stands with other developed nations with its new National Housing Strategy (NHS). But while this historic step forward by the federal government represents what many activists have sought for decades, is it time to rejoice? Will the staggering $40 billion promised over 10 years amend nearly a quarter of a century of federal…
1 2 3