Blog – Housing and Real Estate – Canada and United States – April 2021 1. Lumber - https://www.bloomberg.com/news/articles/2021-05-17/builders-scour-for-cheaper-lumber-as-futures-prices-tumble 2. Cost of Living - https://www.ft.com/content/77e2ec21-f823-4291-9cb6-e992c1ad69e6 3. Retrofit - https://www.renewcanada.net/5000087828-2/ 4. Sanity will return to the market - https://www.lionsgatefinancialgroup.ca/housing-bubble-will-real-estate-market-crash/ 5. 3D printing of housing - https://theprint.in/world/faster-cheaper-and-high-quality-these-3-countries-are-embracing-3d-printed-homes/659853/ 6. Hybrid work model - https://ca.finance.yahoo.com/news/hybrid-work-how-to-schedule-management-covid-19-coronavirus-pandemic-return-to-office-050015918.html 7. Pre-Fab homes - https://www.investors.com/news/homebuilder-stocks-to-watch-and-housing-market-real-estate-news/ 8. Income Growth and Housing Costs - https://www.fraserinstitute.org/article/post-covid-housing-squeeze-will-hurt-lower-income-residents 9. Disaster - https://www.bnnbloomberg.ca/why-local-governments-don-t-pay-for-expensive-disaster-insurance-1.1604028 10. Economic policies - https://www.nrdc.org/experts/lauren-urbanek/manufacturer-tax-credits-needed-ambitious-climate-action 11. Transit - https://www.bloomberg.com/news/articles/2021-05-17/stop-funding-transportation-like-it-s-the-1980s

1. HOUSING MARKET –
CANADA MAY 19,
2021 (REVISED TO
REFLECT APRIL 2020
HOUSING STARTS FOR
USA)
Paul Young CPA CGA
April 2021

2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Public Sector reforms and transformation
• SME – Digital Economy
• SME – Supply Chain Management
• SME – FOPM / Financial Solutions
• Academia – Advance Accounting, Public Finance and Advanced Management Systems Contact information:
Paul_Young_CGA@Hotmail.com

3. AGENDA
• Average House Price Canada and Key Cities
• Commodity Price of Lumber
• Modular Housing / Solutions
• Urban Planning
• Technology / Housing
• What’s next

4. AVERAGE HOUSING PRICE INCLUDING KEY
CITIES

5. RESALE /
HOUSING
Source -
https://economics.bmo.com/en
/publications/detail/0b055579-
ad89-406b-b9fd-
04045a1e4ede/

6. USA HOUSING
Source -
https://gordcollins.com/real-
estate/us-housing-market-
forecast/

7. HOUSING MARKET

8. PRICE OF LUMBER
@SeamusORegan @mary_ng
@FP_Champagne this falls under your failures
Sawmills shipped 4349.9 thousand m3 of
lumber in Feb/21, down 5.6% from Jan/21 and
up 5.4% from Feb/20.
High lumber costs are adding over $36K to a
new house.
https://www.slideshare.net/paulyoungcga/what-
is-next-for-the-forestry-sector-248000228

9. MODULAR HOUSING SOLUTIONS
• $85B (USD) global market with CAGR predicted to be about 6% -
https://www.marketsandmarkets.com/Market-Reports/modular-construction-market-
11812894.html
• Mass production modular housing could help make housing more affordable -
https://www.cnbc.com/2020/07/28/how-buildings-made-in-factories-could-have-a-big-role-
in-the-future.html
• Adjusting to smaller homes is no big deal - https://www.straight.com/news/living-in-smaller-
spaces-isnt-hell-that-some-people-make-it-out-to-be
• Municipal by-laws
• https://www.forbes.com/sites/pikeresearch/2019/11/20/3d-printed-homes-quietly-gain-
traction/?sh=101c0e5c63bd

10. URBAN PLANNING
• The problem from the get-go has been with proper urban planning including rural vs urban strategy! It is time for all levels
government to look at innovator solutions when it comes to building affordable housing
https://www.slideshare.net/paulyoungcga/urban-and-rural-planning-whats-next
• Vacate property due to COVID19 - https://www.phillyvoice.com/greg-englesbe-real-estate-strategic-conversion-vacant-
commercial-space-affordable-housing-0599945/
• Building codes need to revamp to deal with 3-D housing - https://www.forbes.com/sites/pikeresearch/2019/11/20/3d-printed-
homes-quietly-gain-traction/#74899cc763bd
• Green Belt Protection/Development - https://www2.slideshare.net/paulyoungcga/greenbelt-ontario
• https://www.thestar.com/news/gta/2020/10/06/york-region-asks-province-for-process-to-open-up-protected-greenbelt-again.html
• All levels government need to look at proper land management - https://www.slideshare.net/paulyoungcga/why-do-politicians-
play-games-with-the-environment
• Smart Cities - https://www.mccourier.com/global-smart-city-ict-infrastructure-market-2020-industry-outlook-cisco-verizon-
communications-huawei-ibm-ntt-communications/

11. TECHNOLOGY AND HOUSING
• AI and at risk for homelessness - https://www.cbc.ca/news/canada/london/artificial-intelligence-london-
1.5684788
• AI and cost control - https://www.enr.com/events/880-ai-how-it-s-transforming-project-management-for-the-
better
• Smart construction - https://www.weforum.org/agenda/2020/08/here-s-how-smart-construction-could-
transform-home-building-after-covid-19/
• AI and housing - https://www.urban.org/urban-wire/four-ways-technology-addressing-housing-affordability-
crisis

12. SOCIAL HOUSING
• Govt buying commercial properties - https://globalnews.ca/news/7348331/federal-liberals-
rapid-housing-funding-motels-hotels/ or https://www.cmhc-schl.gc.ca/en/media-
newsroom/news-releases/2020/canada-rapidly-create-affordable-housing-support-homeless
• Modular housing units - https://torontostoreys.com/federal-government-1-billion-modular-
housing/
• 20 years ago is when Canada had a social housing plan - https://cwp-csp.ca/2014/01/20-years-
ago-canada-had-a-housing-plan/

13. WHAT’S NEXT
• More needs to be done to make housing affordable including reviewing the housing models
• More focus on moving people away from big cities to rural areas -
https://www.slideshare.net/paulyoungcga/urban-and-rural-planning-whats-next-236315321
• Focusing on growing economy including high paying jobs -
https://www.slideshare.net/paulyoungcga/gdp-canada-real-truth-august-2020 and
https://www.slideshare.net/paulyoungcga/global-economy-current-state-and-whats-next
• All levels of government working together to make housing more affordable -
https://www.slideshare.net/paulyoungcga/housing-market-affordability-and-costing-canada-september-
2019
• Municipal building codes adjusting to methods of house building including 3D printing and modular
construction