The impact of housing affordability is a fast-growing concern, when housing becomes less affordable, it can change employment patterns, limit economic growth, and affect the demand for rental properties, including commercial properties.
On today’s episode, we’re joined by Peter Norman, Vice President & Chief Economist at Altus Group, and Omar Eltorai, Director of Research at Altus Group who are here to help us unpack how housing affordability affects commercial real estate in both Canada and the US.
We talk about:
- The state of housing affordability in the post-pandemic world.
- Some factors driving up the cost of housing.
- What’s happening with supply and demand for housing?
- The impact of rising costs on multi-family homes.
- What is being done to help ease the affordability pains in the housing market?
- Resources for people to stay informed about affordable housing.
Resources mentioned:
Peter Norman -
https://www.linkedin.com/in/peter-norman-20637043/
Omar Eltorai -
https://www.linkedin.com/in/omareltorai/
Altus Group -
https://www.linkedin.com/company/altus-group/
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CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax