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Articles on Housing prices

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A cabin is illuminated by firetruck lights as the Caldor Fire burns near Lake Tahoe in California on Aug. 31, 2021. Wally Skalij/Los Angeles Times via Getty Images

A new ratings industry is emerging to help homebuyers assess climate risks

Private companies rate all kinds of investments, from stocks to used cars. Now, they’re starting to analyze climate risks to local real estate – but how reliable are their findings?
A woman walks past the Bank of Canada building in Ottawa in September 2017. THE CANADIAN PRESS/Adrian Wyld

The Bank of Canada must seize the pandemic moment and do more for Canadians

Unconventional policies can be used to alleviate — instead of exacerbate — inequality, something Canadians are clamouring for. The Bank of Canada needs to rediscover its former innovation zeal.
People in Atlantic Canada cities, including Charlottetown, are nervous about rising house prices as young people return and immigration fuels economic growth. (Shutterstock)

Affordable housing: It’s not just a big city problem anymore

In Atlantic Canada, leaders must avoid the mistakes made in the country’s largest cities where people are being pushed out due to high housing prices.
Many commuters already travel from regional cities to work in capital cities like Melbourne so what impacts will fast rail have? Alpha/Flickr

Regional cities beware – fast rail might lead to disadvantaged dormitories, not booming economies

While governments focus on how to ease congestion and make affordable housing more accessible for workers in our biggest cities, fast rail could be a mixed blessing for regional cities.
Australian cities need to sustain higher levels of construction and to provide higher-density developments to ensure growing populations have access to affordable housing. Brendan Esposito/AAP

To make housing more affordable this is what state governments need to do

Governments should stop offering false hopes and pandering to NIMBY pressures. As well as increased public and private housing supply, growing cities need well-designed higher-density development.
The housing boom increased wealth gains for affluent households while rising housing costs undermined income gains for less affluent households. Sam Mooy/AAP

How the housing boom has driven rising inequality

The Productivity Commission neglected the impact of housing costs. After allowing for these costs, the top 10% of households’ average disposable income grew at 2.7 times the rate of the bottom 10%.
In the past, house building matched high immigration. Construction has increased, particularly in Sydney, but needs to make up the backlog of a decade of undersupply. Dan Himbrechts/AAP

How migration affects housing affordability

Australian governments are faced with a choice: make the difficult decisions to fix planning systems so more houses can be built, or tap the brakes on Australia’s migrant intake.
Australia got in first with restrictions on foreign investors in housing, but Jacinda Arden’s new government plans to go further. Daniel Munoz/AAP

Foreign ownership of housing – how do Australia and New Zealand compare?

Concerns about foreign investors driving up housing prices have been growing. Australia was first to bar foreign purchases of existing residential property, but New Zealand is set to go further.

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