CHEC Housing Outlook 2025
Steve Pomeroy
Executive Advisor and Industry professor at Canadian Housing Evidence Collaborative (CHEC) McMaster University
I have just posted my outlook for 2025 on the CHEC website. In it I posit that both the ownership and rental markets will soften, with improved affordability. Meanwhile for those in facing more acute challenges - lower income renters and the homeless (especially those currently in encampments) things are unlikely to improve without meaningful and significant government investment in ending encampments and improving affordability by augmenting low incomes through a targeted and expanded housing benefit.
With stabilized rents and prices, alongside strategic investments to grow the economy which can provide employment with good incomes, improvements in income and capacity to pay will gradually improve housing affordability.? Hopefully by the end of the current decade the phrase "housing affordability crisis" will be ?only a point of historical reference.
Advocate for Housing, Seniors, Dementia/Healthcare, and LTC issues. Consultant for housing issues as well as planning and forecasting systems. Innovative and out of the box thinker.
6 天前Steve, what are your viewpoint if we have an economic shock in Canada ? Housing tend to be cyclical but we did not really have a downturn like the US did in 2007..