Is there an affordability crisis? Yes. Are we still lacking supply? Yes. Do we still need more high-density housing near major transit nodes and the zoning to accommodate this type of development? Yes.
Rider Levett Bucknall released its July 2019 Crane Index recently, and Better Dwelling had a few additional details about the report. The Crane Index looks at 13 major cities in North America and tracks the amount of cranes on the skyline.
Last week, councillors Mike Layton, Joe Cressy, and Kristyn Wong-Tam held a joint press conference and announced their “red light, green light” system for evaluating residential development proposals in their respective wards.
Have you put off moving? What was the reason? A new report suggests housing supply is tied to a decreasing mobility rate in some of Canada’s largest metro areas, including Montreal, Ottawa-Gatineau, Calgary, Edmonton, Vancouver, and Toronto.
What are home buying conditions currently like across Canada? The latest data out from the Canadian Real Estate Association paints a picture of stability, as sales and prices remain relatively unchanged from last year.
Condo developers do so much research and consultation when it comes to designing a new residence, and I can tell you that if there wasn’t demand for a leaner appliance package, then there wouldn’t be options like this.