The document discusses the current state of Canada's housing market. It begins with an overview of average housing prices in Canada and key cities. It then addresses factors influencing housing costs, such as the price of lumber and potential solutions like modular housing. Issues of urban planning, technology, and the roles of government policy are also covered. The document concludes by emphasizing the need for cooperation across levels of government and innovative solutions to improve housing affordability going forward.

1. HOUSING MARKET –
CANADA
Paul Young CPA CGA
September 15, 2020

2. PAUL YOUNG CPA CGA – BIO
Se
pte
mb
er
9,
20
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Emerging Technology
• SME – Business Process Change
• SME – Close, Consolidate and
Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact – 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. PRICE OF LUMBER
• Higher lumber prices may impact the cost of housing -
https://canada.constructconnect.com/dcn/news/economic/20
20/08/high-lumber-prices-are-just-one-piece-of-canadas-
housing-affordability-crisis
• Forestry sector is facing many pressures -
https://www.slideshare.net/paulyoungcga/whats-next-for-the-
forestry-sector

6. 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

7. 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
• All levels government need to look at proper land management -
https://www.slideshare.net/paulyoungcga/why-do-politicians-play-games-with-the-environment

8. 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

9. 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