You might wonder how legislators could possibly lose money by legalizing and taxing an addictive substance. Behold, Canadian officials have outdone themselves with the rollout of recreational cannabis. Both provinces and municipalities, many already in financial dire...
New Zealand’s Minister of Housing and Urban Development, Phil Twyford reasserted the coalition government’s intention to abolish Auckland’s urban growth boundary at a recent environmental summit. Environmental Defense Society (EDS) CEO Gary Taylor expressed concern...
The front page of The Wall Street Journal cited the difficulty of cities (Note 1) trying to stop the escalation of house prices “Western Cities Try, and Fail, To Slow Chinese Home Buying.” The more descriptive online headline said: Western Cities Want to Slow Flood of...
By Wendell Cox May 4, 2018 Recently, Ontario PC leader Doug Ford’s proposed building single-family homes in a large supply of urban fringe (greenbelt) land to address Toronto’s severe housing affordability. This was a unique...
It’s a well-known pattern in public policy – profligate politicians damaging their economies with out-of-control spending, massive borrowing and higher taxes – inevitably leading to fiscal crisis, sharp declines in growth and ultimately rapidly falling currency value...
Mass hysteria is the spontaneous manifestation of a particular behaviour by many people. There are numerous historical examples: Middle Age nuns at a convent in France spontaneously began to meow like cats; at another convent, nuns began biting one another. In...
Decay in city’s middle-class areas casts doubt on affordability index
Regina — identified in a new study as one of the cheapest places in the world to own a home — may be headed for a boom in the near future, should housing prices continue to soar in other Canadian cities, predicts a senior fellow at the Winnipeg-based Frontier Centre...
In Demographia’s third annual survey of housing affordability, the City of Regina, Saskatchewan, scored the best in the world. Canada’s other cities covered a wide range, from “affordable” to “severely unaffordable.”
For the second year in a row, Winnipeg was ranked among the most affordable places to live in an international study. Regina is considered the most affordable city in Canada, with Winnipeg and Quebec City tied in second place.
The claim that average real wages for working people are falling is false. Those who conclude that ignore changes in the work week, do not properly account for the effects of inflation and incorrectly calculate the value of non-wage benefits.
This sprawling city missed the real-estate boom that sent home prices soaring on the East and West coasts. Now, with much of the nation's housing market in retreat, it has yet to feel even a tremor. In September, local sales of single-family homes and condominiums...
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Restrictive land-use policies are reducing Winnipeg’s significant advantage in home affordability.
Three cities in Canada made the most affordable list with Winnipeg in third place worldwide with a house price to income ratio of 2.4, followed by Edmonton and Quebec City, tied at 14th with an index of 2.8.