Developers in British Columbia are not hopeful for their field's outlook, estimating that the market freeze could last for another year and a half.
"No one is sure when the current cocoon state will end.'
"At a recent Urban Development Institute event focused on forecasting the future, developers Rob Macdonald and Michael Audain were optimistic in their speeches to the anxious crowd of 1,100. They predicted the market in B.C. will return to something approaching normal this fall, although with a reduction from last year's peak prices."
'But others are less optimistic."
"'We don't think it's coming back any time soon,' said David Negrin, the immediate past president of the UDI who heads the development arm of Aquilini Investments. 'We don't see it coming back until at least after the Olympics.'"
"That's at least a year and a half from now."
Read the full story: Housing market in a deep freeze
All About Single-Family Rentals
Single-family rentals are the fastest growing segment of the U.S. housing market—and they're not going away anytime soon, a new study suggests.
Following the Path of the Meltdown
A new documentary tracks the meltdown of Wall Street and its impact on housing throughout the country. The New York Times offers this review.
Pittsburgh Median Home Price is Lowest in the US at $250K
After the collapse of the U.S. steel industry, the city was left with a glut of affordable homes.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.
Housing is the top priority of Seattle’s sole new councilmember
Jenks campaigned on building 1,000 new units of affordable housing.
New tax cuts may slash $1.5 billion in funding for Miami transit, public parks
Amendment 3 will save Miami-Dade homeowners $2,700 in 2028.
Arizona, Wisconsin, Pennsylvania hope to finally advance climate goals post-midterms
The three states have spent years under Republican or divided control.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
Montrose County
The Pocatello Development Authority