The presentation analyzes the Canadian housing market as of September 2017, highlighting key statistics such as an average housing price of $487,000, which reflects a 7% increase since 2015. It emphasizes the persistent issue of housing affordability, with one in four households struggling to pay for housing, and discusses broader economic implications. Additionally, it notes that systemic issues like supply and market valuation hinder effective solutions to the housing crisis.

1. HOUSING MARKET -
CANADA - SEPTEMBER 2017
PAUL YOUNG CPA, CGA
OCTOBER 13, 2017

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

3. OVERVIEW
• This presentation provides you a quick view of the housing/real estate market in Canada. It should be
noted a few indicators like wages lag a few months behind other stats.

4. AGENDA
• Average Housing Price for Canada
• Price Change (Lumber, Wages, Housing Prices and Inflation)
• Existing Home Sales
• Housing Starts
• Millennials / Housing
• Justin Trudeau / Housing
• Blog / Housing

5. HOUSING AFFORDABILITY INDEX
Source – RBC Economics

6. HOUSING PRICE / CANADA
Source - http://business.financialpost.com/real-estate/canadian-home-sales-gain-ground-in-september-but-down-from-year-ago-mark

7. PRICE CHANGE (LUMBER, CPI, HOUSING PRICE AND WAGES
Source – Stats Canada, Canada Real Estate Association, BMO and Scotiabank

8. EXISTING HOME SALES
Source - https://economics.bmocapitalmarkets.com/economics/econofacts/20171013a/econofacts.pdf

9. HOUSING STARTS
Source - BMO

10. MILLENNIALS / HOUSING
Source - http://www.ctvnews.ca/canada/why-do-millennials-live-with-their-parents-money-and-tradition-report-finds-1.3611495

11. JUSTIN TRUDEAU AND HOUSING
Source - https://www.liberal.ca/realchange/affordable-housing/
Today, one in four Canadian households is paying more
than it can afford for housing, and one in eight cannot find
affordable housing that is safe, suitable, and well
maintained.
When affordable housing is in short supply, Canadians
feel less secure and our whole economy suffers.
We will renew federal leadership in housing, starting with
a new, ten-year investment in social infrastructure.
Facts:
• Average price for houses in Canada is
487,000 or about 7% increase since the
Liberal took office in 2015
• There are systemic issues with real estate
that one off policy will not fix

12. BLOG - HOUSING
• http://business.financialpost.com/real-estate/toronto-home-prices-in-record-monthly-drop-as-sales-plunge-
1/wcm/1b276698-c8b0-4cb9-a5a6-522557f062fe
•
• comments:
• Wages are under pressure – Wages have barely budged in 40 years - http://globalnews.ca/news/3531614/average-
hourly-wage-canada-stagnant/.
• Interest rate hike – Interest rates have gone up. The Bank of Canada has signaled that Canada maybe heading to
higher interest - http://www.cbc.ca/news/business/loonie-bank-of-canada-interest-rates-1.4191573 or
https://www.slideshare.net/paulyoungcga/real-estate-canada-june-2017
• IMF has highlighted there is great risk to overpriced housing market for Canada - https://betterdwelling.com/imf-
canada-overvalued-homes-g7-fourth-globally/
• Economy is growing, but not at a rapid pace. Bulk of GDP growth is led by the housing market and commodities. GDP
for the past two years is still average 2.2% which is the same rate as the past 15+ years
https://www.slideshare.net/paulyoungcga/canada-gdp-election-2015-promise-increase-gdp-growth
• There are systemic issues with real estate like supply, market valuation, cost of building, availability of land, etc
• Housing Affordability - http://globalnews.ca/news/3573571/ontario-housing-affordability-2018-election/ or
http://www.macleans.ca/politics/for-the-record-ralph-goodale-on-the-economy/