Comparing the costs of owning versus renting homes in Canada. For the report click here. For the Appendix with detailed tables, click here. An Addendum, which compares owning versus renting-and-investing, was added on October 13.

 

Since 2006, most of the big cities in Canada have under-produced new housing, contributing to the mess we're in now.

 

April 26th letter to the Minister of Finance, in which I argue that the interest rate used in the stress tests should be 3.76%.

 

Slides from a Presentation given on April 21, to Mortgage Professionals Canada’s Mortgage Symposium.

​

"Annual State of the Residential Housing Market in Canada" (released March 25). For Mortgage Professionals Canada, a major report on conditions and factors in the market.  Find the Press Release here

 

Rental Market Outlooks for BC. Written in the before-times, what makes this report interesting is (1) the discussion of my approach to forecasting housing markets (although without revealing the details) and (2) estimates of "balanced market thresholds" for vacancy rates.

 

​Owning versus Renting a Home in Canada - In most situations in Canada, the monthly cost of home ownership is actually lower than the cost of renting equivalent housing, and the ownership advantage increases over time.

 

​

How to Dissect a Housing Bubble - (completed in 2014). I wrote this at a time when there was a lot of discussion about "over-valued" housing markets in Canada. The primary conclusion was that due to low interest rates, there was considerable potential for further price growth.

​

Not so recent. 1990 report "On the Agenda" on the long-term outlook for rental housing in Canada.