Global Housing

Canada’s population rose to 37 million people in 2021, up 5.2% from 2016, driven mostly by immigration.

Like most English-speaking nations, Canadian house prices boomed over the pandemic, soaring 32% since February 2020 according to Teranet: The surge in prices was led by Canada’s largest city Toronto where prices surged 37% over the pandemic.

Knight Frank has released its Global House Price Index for Q4, with Australia taking the top spot as the country with the highest rate of annual price growth in 2021.

The 2022 Demographia International Housing Affordability Survey has been released and, once again, it ranks Australia as having one of the most expensive housing markets out of the countries surveyed. This year’s report assesses 92 major markets (metropolitan areas) in eight nations for the third quarter of 2021.

Goldman Sachs has released a bunch of interesting charts on the US housing market, which has experienced its biggest and broadest price boom since the Global Financial Crisis.

Goldman Sachs with the note: In the spring, we wrote that shelter inflation would rise to 30-year high on the back of substantial home price appreciation and a rapidly improving labor market.

The housing industry and policy makers tend to blame a ‘lack of supply’ for soaring property prices.

I am currently pulling property-related data for an upcoming subscriber special report on the property markets of English-speaking nations. Yesterday I uncovered a treasure trove of data on Ireland, which has managed to successfully deleverage from one of the world’s biggest property bubbles leading into the 2008 Global Financial Crisis (GFC).

The world’s housing markets are growing at their fastest pace since 2007 according to the latest Knight Frank Global Residential Cities Index: Urban house prices are rising at their fastest rate since 2007 and of the 150 cities we track, 43 are now registering annual price growth above 10%.

In Australia, major parties bribe voters with policies designed to inflate housing values in the knowledge that home owners will vote with their wallet.

CNN has released data showing the synchronised house price boom taking place across rich nations.

The Economist has released a new report looking at the synchronised house price boom taking place across rich nations.

The Reserve Bank of New Zealand (RBNZ) released data yesterday showing that new mortgage commitments hit their highest level on record in January driven by strong growth in both owner-occupiers and investors.

The 2021 Demographia International Housing Affordability Survey has been released and, once again, it ranks Australia as having one of the most expensive housing markets out of the countries surveyed. This year’s report assesses 92 major markets (metropolitan areas) in eight nations for the third quarter of 2020.

For years, utopian urban planners have predicted the end of suburbia.

The Reserve Bank of New Zealand (RBNZ) yesterday performed a stunning U-turn, reintroducing loan-to-value (LVR) mortgage restrictions just 10 months after such restrictions were lifted to aid the nation’s COVID-19 response.

A new peer-reviewed study from Simon Fraser University (SFU) shows that the “decoupling” of property prices from incomes in Metro Vancouver and to a lesser extent Toronto has been caused by “significant sums of foreign capital that have been excluded from official statistics”.

The Real Estate Institute of New Zealand (REINZ) has released its house price data for September, which has reported booming sales and record high prices: As shown above, the seasonally adjusted median house price soared 14.1% year-on-year in September, with Auckland rising 11.8% year-on-year and regions outside of Auckland rising 16.3%.