OPINION: Why Canada should embrace foreign investment in the housing market by Jonathan Cooper | Real Estate Magazine

OPINION: Why Canada should embrace foreign investment in the housing market by Jonathan Cooper

As seen on Real Estate Magazine

Topics related to housing affordability prevail in political campaigns, media headlines, and social conversations. This is a manifestation of a long-term challenge facing Canadians: for over two decades, housing costs have been consuming a progressively larger percentage of household incomes (HHI).

According to RBC, in 2000, home ownership costs accounted for 36.6 per cent of median Canadian HHI; this figure rose to 41 per cent in 2016, and by the Fall of 2022, it was at more than 60 per cent. The average unit price of housing in Canada increased more than 100 per cent in the last decade, from $365,700 to over $760,000. The Canadian Mortgage and Housing Corporation (CMHC), indicates that the national rental vacancy rate at the end of 2022 was 1.9 per cent, its lowest point since 2001.

This article originally appeared on RealEstateMagazine.ca

Recent News

Lyndan Properties

Lyndan Properties is a real estate development and investment firm dedicated to creating properties that meet the highest standards of quality, design, and sustainability. Having served the Greater Vancouver area since 2013, Lyndan has experience with every aspect of the development process from property selection, design development, construction, and marketing.

Macdonald Platinum Marketing

The Macdonald Platinum Marketing team offers a range of project marketing services including real estate project marketing, sales strategy development, and market research, to help clients effectively promote and sell their properties.

Macdonald Property Management

Macdonald Property Management provides residential and commercial property management and currently manages over $6 billion in BC properties with offices in Vancouver, the Fraser Valley and Victoria.

Macdonald Commercial

Macdonald Commercial provides creative real estate solutions in the area of commercial sales and commercial leasing including: apartments, land, retail, office, industrial, shopping centres and other investments.  Macdonald Commercial has over 40 dedicated commercial brokers with a head office in Vancouver, and offices in the Fraser Valley and Victoria.  They are a proud member of CORFAC International, the premier network for independently owned commercial real estate firms.

Macdonald Realty

Carefully curated over the past 80 years, Macdonald Realty offers unparalleled industry expertise in every facet of real estate. From luxury, residential, commercial, project marketing, development and property management we have established a reputation built on knowledge and trust. Operating over 20 offices and 1,100+ agents, brokers and property managers in B.C., we are your best next move.