Chaque pièce de ce château de 4,9 M$ à Candiac est plus spectaculaire que la dernière - Narcity Québec

Chaque pièce de ce château de 4,9 M$ à Candiac est plus spectaculaire que la dernière  Narcity Québec

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Coordonnateur(trice), Marketing | Ivanhoé Cambridge Inc. | Grenier aux Emplois - Grenier aux Nouvelles

Coordonnateur(trice), Marketing | Ivanhoé Cambridge Inc. | Grenier aux Emplois  Grenier aux Nouvelles

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Proche-Orient: Trump dévoile un plan de paix très favorable à Israël - Le Journal de Montréal

Proche-Orient: Trump dévoile un plan de paix très favorable à Israël  Le Journal de Montréal

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Immobilier: prévisions 2020 - Le Journal de Montréal

Immobilier: prévisions 2020  Le Journal de Montréal

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Couvent des Sœurs de Miséricorde : des employés perdent 30 000 $ dans la faillite - La Presse

Couvent des Sœurs de Miséricorde : des employés perdent 30 000 $ dans la faillite  La Presse

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Immobilier: prévisions 2020 - Le Journal de Montréal

Immobilier: prévisions 2020  Le Journal de Montréal

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Toronto detached housing veering towards crisis of availability

December 2019 was the seventh straight month of price growth in the red-hot market

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Recession fears predominant among Canada's debt-holders

Likely economic slowdown in 2020 is stoking much of this anxiety

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PropTech has reached critical mass, according to new report

Data usability challenges continue to hinder productivity while a majority of CRE leaders believe automation will impact jobs and transform the workforce

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Location d'espaces L'immobilier commercial explose à Montréal - TVA Nouvelles

Location d'espaces L'immobilier commercial explose à Montréal  TVA Nouvelles

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Voici ce que tu peux louer comme appartement avec 1 000$ dans ces 8 quartiers de Montréal - Narcity Québec

Voici ce que tu peux louer comme appartement avec 1 000$ dans ces 8 quartiers de Montréal  Narcity Québec

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Procès en destitution: un ex-conseiller ébranle la défense de Trump - Le Journal de Montréal

Procès en destitution: un ex-conseiller ébranle la défense de Trump  Le Journal de Montréal

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Location d'espaces L'immobilier commercial explose à Montréal - TVA Nouvelles

Location d'espaces L'immobilier commercial explose à Montréal  TVA Nouvelles

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Local professionnel : louer ou acheter ?

Au-delà de trouver un bel emplacement, le choix de louer ou d’acheter le local professionnel fait partie des points à étudier pour les personnes...

The post Local professionnel : louer ou acheter ? appeared first on Blogue Immobilier : conseils et astuces.

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Blogue Immobilier

RE/MAX Executive with BNN: Canada’s Housing Market Shortage

In his latest interest rate announcement, Bank of Canada Governor Stephen Poloz expressed concern about household debt and the housing market, and hinted at a future rate cut. How would a lower cost of borrowing impact the future housing market? Christopher Alexander, Executive Vice President and Regional Director, RE/MAX of Ontario-Atlantic Region, told BNN Bloomberg that Canada’s housing market shortage is the bigger concern and requires a national housing strategy.

“The the real story is the serious lack of housing supply that we have,” Alexander told BNN. “There’s a huge delta between [supply] and demand, and there’s no national housing strategy to alleviate some of that pressure.”

With Canada’s population expected to grow by about 10 million people over the next 25 to 35 years, the currently unaddressed supply-and-demand issue will continue to erode housing inventory and affordability beyond levels that many Canadians already view as problematic.

“In Ontario alone, particularly southern Ontario, we’ve had about 110,000 to 115,000 people move to the Greater Golden Horseshoe in 2019 and new housing starts can only keep up by about 40,000 to 45,000 units a year. That’s a significant shortfall year after year. There’s no real incentive for developers to build more affordable housing or more rental units, especially with rent control rules right now. We’ve got some significant issues that we’ll need to tackle so people have a place to live, and they don’t have to compete like crazy to get into a home.”

Alexander warns that the housing shortage has been occurring for 10 years now, and if left unaddressed, will only exacerbate the issue of affordability further.

Affordability Issues Will Continue

Certain segments of Ontario, British Columbia and potentially Calgary, where oil prices have rebounded a bit, could experience double-digit price growth.

Will that be enough for governments to raise the red flag? They’ve already shown a willingness to step in, with the mortgage stress test undergoing a review by Finance Minister Bill Morneau.

Alexander maintains that the mortgage stress test did its job and cooled the market, and he questions its purpose under current conditions. “In my opinion, the stress test doesn’t make sense anymore because it was put in place due to where interest rates were projected to go, and that was up. Now that they’re probably going to come down, it doesn’t make sense.”

Blanket Policies Aren’t the Solution

Local economies play a huge role in their respective markets, making federal “blanket policies” a tough call, affecting everyone across the country. When the runaway housing markets in Toronto and Vancouver needed cooling, the Prairies and Atlantic Canada has completely different needs.

Fixing Canada’s Housing Market Shortage

Alexander maintains that the solution to the shortage will be found in a collective effort from all levels of government. “Different provinces have different challenges and they’re facing different market situations, but all levels need to work together to figure out how to meet the demands of the marketplace.”

“If we don’t find a long-term strategy that will bridge the gap between supply and demand, we are going to continue seeing price appreciation and continued affordability issues in the foreseeable future.”

“Any international city, like Toronto, is expensive to buy a home, and there’s good reason for that. There’s high demand, great quality of life, people want to be close to the action, near amenities, and it continues to go back to the supply versus demand issue. We don’t have a national, provincial or municipal strategy right now that’s going to alleviate that.”

Canada’s housing crisis demands a long-term strategy. “If we don’t find a way to bridge the gap between supply and demand, we are going to continue seeing price appreciation and continued affordability issues in the foreseeable future.”

The post RE/MAX Executive with BNN: Canada’s Housing Market Shortage appeared first on Guide You Home.

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Lydia McNutt

RE/MAX Executive with BNN: Canada’s Housing Market Shortage

In his latest interest rate announcement, Bank of Canada Governor Stephen Poloz expressed concern about household debt and the housing market, and hinted at a future rate cut. How would a lower cost of borrowing impact the future housing market? Christopher Alexander, Executive Vice President and Regional Director, RE/MAX of Ontario-Atlantic Region, told BNN Bloomberg that Canada’s housing market shortage is the bigger concern – one that requires a national housing strategy.

“The the real story is the serious lack of housing supply that we have,” Alexander told BNN. “There’s a huge delta between [supply] and demand, and there’s no national housing strategy to alleviate some of that pressure.”

Canada’s population is expected to grow by about 10 million people over the next 25 to 35 years. Alexander notes the lack of housing strategy that would accommodate this growth.

“In Ontario alone, particularly southern Ontario, we’ve had about 110,000 to 115,000 people move to the Greater Golden Horseshoe in 2019 and new housing starts can only keep up by about 40,000 to 45,000 units a year, so that’s a significant shortfall year after year. There’s no real incentive for developers to build more affordable housing or more rental units, especially with rent control rules right now, so we’ve got some significant issues that we’ll need to tackle so people have a place to live and they don’t have to compete like crazy to get into a home.”

Alexander says the housing shortage has been in place for 10 years now. “This growing demand, coupled with the housing shortfall, will cause continued price growth.”

Affordability Issues Will Continue

Certain segments of Ontario, British Columbia and potentially Calgary, where oil prices have rebounded a bit, could experience double-digit price growth.

Will that be enough for governments to raise the red flag? They’ve already shown a willingness to step in, with the mortgage stress test undergoing a review by Finance Minister Bill Morneau.

Alexander maintains that the mortgage stress test did its job and cooled the market, and he questions its purpose under current conditions. “In my opinion, the stress test doesn’t make sense anymore because it was put in place due to where interest rates were projected to go, and that was up. Now that they’re probably going to come down, it doesn’t make sense.”

Blanket Policies Aren’t the Solution

Local economies play a huge role in their respective markets, making federal “blanket policies” a tough call, affecting everyone across the country. When the runaway housing markets in Toronto and Vancouver needed cooling, the Prairies and Atlantic Canada has completely different needs.

Fixing Canada’s Housing Market Shortage

Alexander maintains that the solution to the shortage will be found in a collective effort from all levels of government. “Different provinces have different challenges and they’re facing different market situations, but all levels need to work together to figure out how to meet the demands of the marketplace.”

“If we don’t find a long-term strategy that will bridge the gap between supply and demand, we are going to continue seeing price appreciation and continued affordability issues in the foreseeable future.”

“Any international city, like Toronto, is expensive to buy a home, and there’s good reason for that. There’s high demand, great quality of life, people want to be close to the action, near amenities, and it continues to go back to the supply versus demand issue. We don’t have a national, provincial or municipal strategy right now that’s going to alleviate that.”

Canada’s housing crisis demands a long-term strategy. “If we don’t find a way to bridge the gap between supply and demand, we are going to continue seeing price appreciation and continued affordability issues in the foreseeable future.”

The post RE/MAX Executive with BNN: Canada’s Housing Market Shortage appeared first on Guide You Home.

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Lydia McNutt

Location d'espaces L'immobilier commercial explose à Montréal - TVA Nouvelles

Location d'espaces L'immobilier commercial explose à Montréal  TVA Nouvelles

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Luxury homes in Mont-Tremblant among the country's most desirable

Supply issues in the market are likely to become more prominent this year, however

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Significant price declines observable among Vancouver detached homes

This is in stark contrast to the city’s rental market, which is likely entering a boom period

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'Exuberant' market to bolster Montreal home sales in 2020

Sales activity and dollar volume will likely outpace the market’s already exceptional 2019 numbers

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