This document provides a summary of the housing markets in Canada and the United States in July 2022. It includes information on key metrics like debt and costs of living. Housing prices in major Canadian cities and the average US home price are presented. The author also discusses factors influencing housing like commodity prices, urban planning challenges, technology innovations, and potential solutions around modular housing, 3D printing, and rent-to-own programs. The document concludes by noting that more needs to be done to improve housing affordability across many areas.

1. HOUSING MARKET –
CANADA AND UNITED
STATES (PRELIMINARY
JULY 2022
Paul Young CPA CGA
August 16, 2022

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• 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: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga

3. AGENDA
• Key Cost of Living Metrics
• Debt
• Budget 2022
• Cost of Housing
• Average House Price Canada and Key Cities
• Commodity Price of Lumber
• Modular Housing / Solutions
• Urban Planning
• Technology / Housing
• Homelessness
• Rent to Own
• Innovation
• What’s next

4. KEY COST OF LIVING METRICS

5. DEBT / MONETARY

6. MNP DEBT

7. BUDGET 2022
https://twitter.com/HonAhmedHussen/status/15143
14685369176073
TFSA exists
Poor urban planning policies
Why the focus zoning now?
Skill trades shortages
No mention on 3D & cost of raw
materials
Where are REITS?
https://www.slideshare.net/paulyoungc
ga/housing-continues-to-face-many-
challenges-across-the-globe

8. HOUSING
RBC - Housing - July
2022.pdf

9. RBC / AFFORDABILITY
MHM_-_August-Cana
dian_housing_market_resales_in_JULY_2022-1.pdf

10. STATS

11. ONTARIO

12. REAL ESTATE AND MARKETS

13. HOUSING/INVESTORS
Real Estate (Housing)
Debt.pdf

14. HOUSING
Real Estate (Housing)
Debt.pdf

15. CONSTRUCTION COSTS

16. RESALE /
HOUSING
Source -
https://economics.bmo.com/en
/publications/detail/58c3d98c-
3969-4150-9447-89cfe959dfcf/

17. USA - HOUSING

18. MEDIAN HOUSE PRICE ANALYSIS

19. USA
HOUSING
Source - https://www.nar.realtor/research-and-statistics

20. USA
HOUSING
Source - https://www.nar.realtor/research-and-statistics
forecast-Q1-2022-us-
economic-outlook-01-27-2022.pdf

21. PRICE OF
LUMBER
• Price of Lumber has been on
the decline. The Price of
Lumber is still up from 2020 -
https://www.nasdaq.com/mark
et-activity/commodities/lbs

22. 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
Blog – Availability and Cost of Housing – Canada and the USA – April 2022
RBC and Hous ing.pdf
Hous ing - BNS -
Canada - Mar ch 2022.pdf

23. 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/

24. 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

25. 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/
• Wait list for Toronto is over 79K - https://dailyhive.com/toronto/toronto-affordable-housing-faq

26. WORLD’S BUBBLIEST HOUSING MARKETS
Source - https://dailyhive.com/toronto/toronto-affordable-housing-faq

27. HOMELESSNESS
Blog – What Works for the Homeless Problem
• A 2005 study by Pomeroy looked at costs in four Canadian cities, institutional responses (jails, hospitals, etc.) cost $66,000-$120,000 annually,
emergency shelters cost $13,000-$42,000 annually whereas supportive and transitional housing cost $13,000-$18,000 and affordable housing
without supports was a mere $5,000-$8,000.
• A two-year pilot project called The Canadian Model for Housing and Support for Veterans Experiencing Homelessness in 2012, was designed to
address the needs of the Canadian veterans experiencing homelessness. The program included a Housing First approach and staff/volunteer resources
for each participant. The program revealed promising results of an estimated $536, 000 per year (in terms of cost savings) due to reductions in 911
calls and emergency-shelter drop-ins.
• Medicine Hat achieved functional zero by:
* Rallying around a defined goal to end homelessness. In 2009, Medicine Hat was one of the first Canadian cities to commit to ending homelessness,
a goal that was updated in 2014. They continue to set measurable goals to end homelessness.
• * Strong partnerships. Service providers, shelters and other stakeholders representing a broad cross section of interest and expertise locally (e.g.,
private sector, criminal justice, health care) work together on the Community Council on Homelessness. The community is also supported by all
levels of government and the public-at-large where they’ve fostered a strong belief (and proven!) that ending homelessness is possible.
•
• https://www.nextbigfuture.com/2021/07/what-works-for-the-homeless-
problem.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29

28. USA AND
HOMELESSNES
S
Source -
https://www.hud.gov/p
ress/press_releases_me
dia_advisories/HUD_N
o_22_022
HUD Releases 2021
Annual Homeless Assessment Report Part 1 HUD.gov _ U.S. Department of Housing and Urban Development (HUD).pdf

29. RENT AFFORDABILITY
Source - https://www.mtlblog.com/montreal/how-canadas-housing-affordability-compares-to-other-countries or
https://rentals.ca/national-rent-report

30. INNOVATION HOUSING

31. INNOVATION

32. 3D PRINTING

33. RENT TO OWN
Source - https://storeys.com/liberal-party-rent-to-own-plan/
Liberals’ $1B
‘Rent-to-Own’ Plan May Sound Nice to Voters, But Most Won’t Benefit From It.pdf

34. MODULAR

35. 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
MHM_-_August-Cana
dian_housing_market_resales_in_JULY_2022-1.pdf
Average House -
Price - July 2022.pdf
Prime Rate - Canada
July 2022.pdf
MHM_-_August-Cana
dian_housing_market_resales_in_JULY_2022-1.pdf
You have failed on housing! Stop spinning your policies are a success when they are not!
https://www.slideshare.net/paulyoungcga/affordable-housing-household-debt-and-homelessness-
canada-and-the-world-june-2022pptx
Blog – Housing – Affordability and Supply – Canada and the World – July 2022
Canada real estate prices have moved back to 6-month low. There are nearly 8000 mortgages in arrears.
Construction material costs along with the availability of land are still a concern for builders across
Canada. The cheapest cities are St John’s, NF; Regina, SK; Moncton, NB.
Interest rate hikes has impacted the housing prices. Supply challenges still exist. The Ontario
government is expanding power of local government as part of addressing land-use issues at the local
level.
SME and Skills
gap.pdf
Employment market
- Canada.pdf
CREA - Housing.pdf Average House - Cost
- Affordability.pdf
Builder
Confidence.pdf
Building Materials
and Lumber.pdf
RBC and Housing.pdf Home Capital.pdf Relocation and
housing.pdf
Mortgage in Arears -
CBA.pdf
Household Debt and
Employment.pdf
Bankruptcies.pdf
Reforming local
government.pdf
Municipal
government.pdf
Housing.pdf 3D Housing.pdf 3D Housing and
California.pdf
Remote and
communities.pdf
1. Average house - https://www.cbc.ca/news/business/real-estate-numbers-july-crea-1.6551351
2. Builder confidence - https://www.woodbusiness.ca/u-s-builder-confidence-underwater-after-
falling-for-8th-consecutive-month-nahb/
3. Lumber and building Materials - https://www.capegazette.com/affiliate-post/building-
materials-rise-lumber-prices-ease/238405
4. Housing bottoming out - https://thoughtleadership.rbc.com/bottom-still-a-ways-away-for-
canadas-housing-market/
5. Home capital https://thoughtleadership.rbc.com/bottom-still-a-ways-away-for-canadas-
housing-market/
6. Relocation and housing - https://www.mpamag.com/ca/mortgage-industry/guides/why-
canadians-are-relocating-during-the-post-pandemic-era/416800