Demographia International Housing Affordability rates middle-income housing affordability in 94 major housing markets in eight nations: Australia, Canada, China, Ireland, New Zealand, Singapore, the United Kingdom and the United States. This edition covers the third...
Results for "least affordable housing in the world"
Deteriorating Housing Affordability in Canada
The Frontier Centre for Public Policy has released the 2022 edition of Demographia Housing Affordability in Canada. This article includes the Executive Summary, with a link to the entire report. The report is authored by Wendell Cox, a senior fellow with the Frontier...
MEDIA RELEASE – Housing Markets in 25 of 46 Canadian Cities Now Unaffordable
Affordability Continues to Decline Sharply in Canada WINNIPEG, June 28, 2022 - The Frontier Centre for Public Policy has released its latest housing affordability rankings for the 46 largest cities in Canada. Prepared by Frontier senior fellow Wendell Cox, this...
The GTA’s Housing Affordability Crisis: Inequality is the Issue
A poll by highly respected IPSOS, released by BILD-GTA shows a strong awareness of the GTA’s severely unaffordable housing. In the 15 years from 2004 to the last pre-pandemic year of 2019, the median detached house price rose more than 160% (inflation adjusted), about...
Featured News
There’s Nothing Fair About Canadian Health Care
For the past 14 years, Vancouver surgeon Dr. Brian Day has led the charge for health-care reform, pushing for the right of patients to pay for private care if their health and well-being are threatened as a result of waiting in a stagnant and overburdened public...
Transformers: More than Meets the Eye
The path to net zero, based on the much disputed belief that carbon dioxide is a pollution, is more steep and impractical than most people realize. Replacing fossil fuels with clean electricity will require much more power generation and a greatly upgraded grid to...
Auckland: “A Vancouver of the South Pacific; Beautiful, but Utterly Unaffordable”
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...
Housing Affordability From Vancouver To Sydney To Toronto: Time To Do What Works
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...
Restoring Housing Affordability in Toronto: A Once-in-a-Generation Opportunity
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...
The Greenbelt: Toronto’s Housing Affordability “Killer App”
Talk continues of the potential for a housing bust in Toronto. Through the end of March, house prices had had increased 33 percent in a year. Bank of Canada Governor Steven Poloz noted that "There’s no fundamental story that we could tell to justify that kind of...
CMHC Red Warning on Housing Underscores the Need for Reform
Wendell Cox, December 13, 2016 The Canadian Mortgage and Housing Corporation (CMHC) has issued a “red warning” for the entire housing market in Canada.” Red warnings for overvaluation were issued for the Vancouver, Toronto, Hamilton, and Québec housing markets (census...
Middle-Income Housing Affordability: International Situation
This article was written by Wendell Cox and originally appeared in the Huffington Post. Hong Kong, Sydney, Vancouver and the San Francisco Bay Area have the worst middle-income housing affordability in 9 nations, according to 11th Annual Demographia International...
Correcting Priorities: The 10th Annual Demographia Housing Affordability Survey
Alain Bertaud of the Stern School of Business at New York University and former principal planner of the World Bank introduces the 10th Annual Demographia International Housing Affordability Survey by urging planners to abandon: "...abstract objectives and to...
Housing Affordability and Standard of Living
Stu Niebergall I was working out at the gym the other day, when I overheard a discussion regarding housing affordability in Regina. The two who were working out beside me said something I have not heard before in the 20 plus years that I have lived in Regina and, I...
Urban Containment and the Housing Bubble in Ireland
Source: Wendell Cox, NewGeography, 19 November 2013 Economist Colm McCarthy says that urban containment policy played a major role in the formation of the housing bubble. In a commentary in the Sunday Independent, Ireland’s leading weekend newspaper, McCarthy relates...