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The Rising Cost of Housing and the Impact on the Provincial Economy. Housing Forum 2014 Housing Solutions and Opportunities for Today and Tomorrow February 13, 2014. According to CMHC the average price of a single-detached new home in NL has increased by 91% between 2006-2012
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The Rising Cost of Housing and the Impact on the Provincial Economy Housing Forum 2014 Housing Solutions and Opportunities for Today and Tomorrow February 13, 2014
According to CMHC the average price of a single-detached new home in NL has increased by 91% between2006-2012 Median home prices have almost doubled during that period
10th Annual Demographia International Housing Affordability Survey Formula for determining affordability AVERAGE HOUSE PRICE HOUSEHOLD INCOME Recommended by the World Bank, the United Nations and Harvard University
Housing is not Affordable in NL Seriously Unaffordable
“Are the planners in the worst performing cities paying attention or do local governments conclude that the best way to increase the supply of affordable housing is to impose new regulations?” “Vague and benign sounding objectives usually become a proxy for imposing planning regulations that severely limit the supply of buildable land and the number of housing units built, resulting in ever higher housing prices.” -Alain Bertaud, former principle planner at the World Bank and Senior Research Scholar at the Sterne School of Business, NYU