affordability
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology)
In May we estimated suppressed household formation across Canada using what we called the Montréal Method, finding strong evidence for suppression across many parts of Canada. As a reminder, we designed the Montréal Method to estimate housing shortfalls related to constraints upon current residents who might wish to form independent households but are forced to share by local housing markets. Now that we’ve got 2021 Census data out, it’s time to update our estimates.
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology)
It can be really useful to count things, but sometimes numbers end up causing confusion and misunderstanding rather than helping. Often this has to do with how the number is presented and attached to claims. Other times it has to do with problematic procedures used to obtain the number. Here we want to explore these problems more in detail concerning a claim that “Canada lost 322,000 affordable homes” between 2011 and 2016.
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology)
Every now and then the topic of the GDP share of the “Real Estate Industry” comes up, often linked to the suggestion that an economy has become too dependent upon real estate. But this usually involves a fundamental misreading of the data. As people who pay attention know, the NAICS sector [53] “Real Estate Industry” of the expenditure based GDP produced by StatCan is mostly just rent and imputed rent.
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology)
We’re increasingly gathering lots of different measures of residential mobility in Canada. Which is great! Especially insofar as we want up-to-date information about demographic response through the pandemic. Here we want to add the CMHC Rental Market Survey (RMS) to the mix, comparing to Census and CHS (Housing Survey) results. Adding it in reveals a general decline in tenant mobility only recently (and partially) reversed.
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology)
We have finally found some time to take a closer look at the Broadway Plan. There are many good things to say about the plan, it adds housing in an amenity and job rich area about to get a new subway line. It promises to not just undo the downzoning the city imposed on parts of the area in the 1970s but enables a bit more housing to make up for lost time.
