Looking ahead to the next decade, this book examines the kinds of dwellings likely to be needed, and considers key housing issues, including quality, design standards, urban-growth management, and a renewal of public housing. It provides a review of theory, research findings and trends for students and practitioners in the fields of housing management, town planning, urban studies and architecture.
Housing is key to inclusive growth. It is the biggest spending item of household budgets, the main driver of wealth accumulation and biggest source of debt for most households. Housing and the neighbourhood in which people live also have important implications for individual health, employment and educational outcomes – effects that can begin in childhood and can last a lifetime.
This paper assesses house prices in 11 Canadian Census Metropolitan Areas (CMA) using the borrowing-capacity and the net-present-value approaches. The results indicate that by the end of 2018, house prices in most metropolitan areas are aligned with macroeconomic fundamentals. However, in Hamilton, Toronto, and Vancouver house prices have increased beyond the values implied by the fundamentals.