Blog – Housing and Real Estate Analysis and Commentary – June 2023 Housing starts continued to face many challenges including land, cost of permits, keeping pace with population growth, biodiversity, and the mitigation of climate change. Construction costs including labour and raw materials continue to raise the overall cost of housing. Slow adoption of 3D housing continues to plague both supply and affordability. Additional sources and Links: First time home buyers - https://globalnews.ca/news/9783180/first-time-buyers-mortgage-help-royal-lepage/ Climate change and urban sprawl https://blog.remax.ca/15-minute-neighbourhoods/?rmxv=1686759226 3D eco housing - https://archello.com/news/mca-and-wasp-complete-the-first-eco-sustainable-house-3d-printed-from-raw-earth Housing - https://www.newgeography.com/content/007864-solving-global-housing-crisis Issues and solutions - Solving the Global Housing Crisis | Newgeography.com Construction - https://www.mpamag.com/ca/mortgage-industry/market-updates/construction-costs-fuel-new-home-price-growth/450184 Commercial space - https://www.forbes.com/sites/petercohan/2023/06/22/330-million-square-feet-in-vacant-office-space-wont-cure-housing-shortage/?sh=2be8fa06297c Commercial property conversion - https://www.thestar.com/tr/news/waterloo-region/2023/06/22/more-conversions-from-office-to-apartments-underway.html’ Infrastructure gap - https://www.nationalobserver.com/2023/06/02/news/extreme-weather-climate-change-exposes-infrastructure-gap-communities Biodiversity and housing - The benefits to biodiversity of a strong circular economy — European Environment Agency (europa.eu) Housing and climate - https://medium.com/@niharikalabhsetwar/beyond-the-tap-urban-planning-strategies-for-ensuring-water-security-357490de2dfd Population and housing - https://irei.com/publications/article/o-canada-immigrants-and-investment-in-new-housing-flowing-into-country/ Property tax and hikes - https://www.cbc.ca/news/canada/hamilton/tax-increase-development-charges-1.6884344

1. GLOBAL HOUSING
MARKET ANALYSIS AND
COMMENTARY- JUNE 2023
PRESENTER NAME: PAUL YOUNG CPA CGA
DATE: JUNE 22, 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. Home Price Index

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

11. Canada Household Debt

12. 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

13. 3D Housing: https://www.youtube.com/watch?v=WqsEcUjcY6Q
3D Printing of Homes

14. 3 D H O U S I N G

15. 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

16. 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

17. Summary
• Global housing market continues to face many challenges
Blog – Housing and Real Estate Analysis and Commentary – June 2023
Housing starts continued to face many challenges including land, cost of permits, keeping pace with
population growth, biodiversity, and the mitigation of climate change.
Construction costs including labour and raw materials continue to raise the overall cost of housing.
Slow adoption of 3D housing continues to plague both supply and affordability.
Additional sources and Links:
First time home buyers - https://globalnews.ca/news/9783180/first-time-buyers-mortgage-help-royal-
lepage/
Climate change and urban sprawl
https://blog.remax.ca/15-minute-neighbourhoods/?rmxv=1686759226
3D eco housing - https://archello.com/news/mca-and-wasp-complete-the-first-eco-sustainable-house-
3d-printed-from-raw-earth
Housing - https://www.newgeography.com/content/007864-solving-global-housing-crisis
Issues and solutions - Solving the Global Housing Crisis | Newgeography.com
Construction - https://www.mpamag.com/ca/mortgage-industry/market-updates/construction-costs-
fuel-new-home-price-growth/450184
Commercial space - https://www.forbes.com/sites/petercohan/2023/06/22/330-million-square-feet-in-
vacant-office-space-wont-cure-housing-shortage/?sh=2be8fa06297c
Commercial property conversion - https://www.thestar
.com/tr/news/waterloo-
region/2023/06/22/more-conversions-from-office-to-apartments-underway.html’