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."
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.
What’s in a Name? Investors vs. Speculators
We don’t often make a clear distinction between investors and speculators, which makes it harder to identify harmful behavior — and to find solutions for it.
Montreal Mall to Become 6,000 Housing Units
Place Versailles will be transformed into a mixed-use complex over the next 25 years.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
DARTSpace Platform Streamlines Dallas TOD Application Process
The Dallas transit agency hopes a shorter permitting timeline will boost transit-oriented development around rail stations.
Study: 4% of Truckers Lack a Valid Commercial License
Over 56% of inspected trucks had other violations.
Chicago Judge Orders Thousands of Accessible Ped Signals
Only 3% of the city's crossing signals are currently accessible to blind pedestrians.
Philadelphia Swaps Car Lanes for Bikeways in Unanimous Vote
The project will transform one of the handful of streets responsible for 80% of the city’s major crashes.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Mt Shasta
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)