- The global housing market continues to face challenges from rising construction costs, high home prices, and increasing interest rates. - Housing affordability remains an issue in many countries due to the high costs of materials, labor, and regulations that impact housing development and prices. - New technologies like 3D printing offer promising solutions but have not been widely adopted yet to significantly impact housing availability and costs.

1. GLOBAL HOUSING
MARKET ANALYSIS AND
COMMENTARY- JUNE 2023
PRESENTER NAME: PAUL YOUNG CPA CGA (SENIOR
CUSTOMER SUCCESS MANAGER – DATA AND AI)
DATE: JULY 20, 2023

2. PAU L YO U N G -
B I O
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – ESG and Sustainability Policies and
Reporting
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Pre-Sales, Business Development, and Customer
Success Specialist

3. AG E N DA
KEY HOUSING METRICS
CANADA RESELL HOUSING MARKET
CONSTRUCTION COSTS
LUMBER COSTS
HOUSING AFFORDABILITY INDEX
HOME PRICE INDEX – CANADA
GLOBAL HOUSING PRICES
CANADA HOUSEHOLD DEBT
3D PRINTING / HOUSING

4. Key Housing Stats – Canada and the United States

5. Resale Housing Market – Canada
Source – Scotiabank

6. Housing Costs

7. Lumber Prices

8. Housing Affordability Index

9. Global Housing Prices
Source - https://www.weforum.org/agenda/2023/03/charted-where-house-prices-have-fallen-
in-the-last-quarter/

10. Canada Household Debt

11. U N I T E D S TAT E S AV E R AG E
H O U S E P R I C E

12. 3D Housing: https://www.youtube.com/watch?v=WqsEcUjcY6Q
3D Printing of Homes

13. 3 D H O U S I N G

14. B LO G / P RO P E R T Y
M A N AG E M E N T
Blog – Real Estate – Property Management – Wells Fargo CFO warns of commercial real estate weakness -
https://www.linkedin.com/posts/paul-young-055632b_wells-fargo-cfo-warns-of-commercial-real-activity-
7075069259709624320-xitd?utm_source=share&utm_medium=member_desktop

15. A D D R E S S I N G H O U S I N G
https://economics.bmo.com/en/publications/detail/58c3d98c-3969-4150-9447-89cfe959dfcf/
The actual (not seasonally adjusted) national average home price was a little over $711,000 in May 2022, up 3.4% from
the same month last year. The national average price is heavily influenced by sales in Greater Vancouver and the GTA,
two of Canada’s most active and expensive housing markets. Excluding these two markets from the calculation in May
2022 cuts $122,500 from the national average price.
https://creastats.crea.ca/en-CA/
Summary
Real estate will continue to see a market correction on prices. Many houses are overpriced by at least 50%.
All governments need to come up with more effective land-use policies including forest, water, and land management.
The stress test for banks needs to be revisited
Rising interest rates will continue to put stress on household budgets
Building codes needs to change to better support 3D housing solutions
https://www.slideshare.net/paulyoungcga/affordable-housing-household-debt-and-homelessness-canada-and-
the-world-may-2022pptx

16. Summary
• Global housing market continues to face many challenges
Blog – Real Estate and Affordable Housing – July 2023
Summary:
Upsizing drove the housing market in Canada and likely around the world. Low interest rates also allow
people to enter the marketplace as well.
There are still systemic issues with housing including availability land, costs of materials, labour costs,
and regulations related to housing including taxes.
Source - https://ca.news.yahoo.com/upsizing-buyers-drove-demand-canada-204720535.html
Additional sources and links:
Insurance costs / housing - https://think.ing.com/articles/another-casualty-of-cliimate-change-property-
prices/
Cost of housing - https://finance.yahoo.com/news/high-rates-low-supply-home-190111431.html
Housing bubble - https://www.bloomberg.com/opinion/articles/2023-07-20/housing-markets-popping-
real-estate-bubbles-will-prove-painful#xj4y7vzkg
Construction costs - https://oilprice.com/Metals/Commodities/Bidens-Infrastructure-Boom-Is-Being-
Held-Back-By-High-Construction-Costs.html
RBC / Construction - https://canada.constructconnect.com/dcn/news/economic/2023/07/canadas-
housing-stock-facing-an-uphill-battle-amid-major-challenges-rbc
Fire-Proof material - https://interestingengineering.com/innovation/new-fire-proof-material-made-from-
fungus or https://www.northbaybusinessjournal.com/article/industrynews/new-california-laws-build-
on-research-into-wildfire-resistant-construction/
Mortgage - https://www.nesto.ca/featured-articles/home-affordability-july/