Davis, a Royal Lepage agent in upscale central Toronto, said
a lack of housing supply is pushing more buyers to make hard - to - resist deals days before the seller is slated to accept bids.
The lack of housing supply available for prospective homeowners is well documented.
«Our members cite
a lack of housing supply as the number one issue in the King County market,» said Sam DeBord, a broker with Coldwell... Read more
Although the previous January existing - home sales report was hampered by
a lack of housing supply, existing - home sales still surged to the highest annual rate in six month.
Some of the contributing causes of the current housing crisis —
lack of housing supply, government inaction, greed, foreign ownership, the fact that some of the biggest donors to political parties are real estate developers, loopholes in rent control, the arrival of Airbnb — have previously been documented in the media.
Martin Ellis, housing economist from Halifax, said in a statement that while prices will be supported by the nation's evergreen problem of
a lack of housing supply and cheap credit, demand will be dampened because people are struggling to truly afford buying a property (emphasis ours):
Not exact matches
The
lack of supply that has been plaguing the nation's
housing market for the past two years has finally caught up to the priciest homes.
Other reasons that contributed to the issue include insufficient validations made on the capability
of chosen
suppliers and the company's
lack of ability to manufacture some
of the parts in -
house.
Economist, Alan McQuaid,
of Merrion Capital says, «A
lack of supply of houses has clearly pushed up prices, particularly in the Dublin area in the past couple
of years, but it is not something that can be rectified overnight.
That actually made quite a bit
of sense, because by focussing on new - builds it acknowledged the major problem in the
housing market - a
lack of supply.
The appeal court added that since the
House of Representatives or any chamber
of the National Assembly
lacked the power to conduct criminal investigation, its report «can not be used to prevent or shield any
of the petroleum marketer and
supply companies from being investigated by competent investigative authority upon a criminal complaint that it fraudulently received billions
of naira as imported petroleum subsidy payments when it did not import or market the petroleum in Nigeria.»
The
lack of supply of affordable homes has a detrimental impact on the mobility
of social
housing tenants - many languish on transfer lists for more than two years.
High land costs are a side effect
of a
lack of supply due to preservation efforts, she said, adding the current town zoning code has also hindered efforts to attract affordable
housing to the area.
Bob Blackman, Tory MP for Harrow East, said: «The principal problem
of housing in this country is the
lack of supply.
For example, connect with community partners if the barrier is clothing, transportation,
housing, access to health or mental health treatment; provide training to teachers and staff to address instructional barriers; review budgets to remedy shortages
of staff and / or
lack of materials and
supplies needed to deliver effective classroom instruction or school - wide accommodations; and engage culturally - competent staff to break down communication barriers between schools and families.
«A lot
of the price inflation that you're reading about in the Canadian
housing market is largely driven by
lack of supply in single - family homes, strong household formation, strong immigration numbers — so demand is still there,» Mr. McKay said.
Rather than focus on price appreciation disparities, Soper suggests that political leaders should turn their attention to
housing shortages caused by a serious
lack of supply.
This
lack of supply means increased
housing prices across the board, but particularly for single - family detached homes.
This
lack of mobility can put pressure on the
supply of entry - level
housing.
We believe this growing demand and
lack of supply will result in existing «workforce
housing» increasing in value over time.
This is due, primarily, to a pronounced
lack of supply of housing stock, particularly for low - density, single - family detached homes.
The company left nothing to chance in the months leading up to the Japanese launch
of the console at the close
of 1994; mindful that it
lacked the internal resource to compete with Sega and Nintendo's enviable in -
house talent it diligently courted third - party publishers such as Capcom, Konami, Electronic Arts and Namco, the latter
of which would
supply what was the console's undisputed killer app at launch: an astonishingly accurate conversion
of its smash - hit Ridge Racer coin - op.
They will grow up stunted in stature and damaged in their brains, all because they
lack access to cheap electricity, running clean water and sewer facilities and clothes washing and refrigeration and schools and
houses and adequate
supplies of fertilizer - grown food that electricity enables.
There are several issues in Aboriginal communities such as the
lack of adequate
housing, health facilities, basic environmental services such as sanitation and clean water
supplies, and safer surroundings, as noted in the Lowitja Institute's report «Beyond Bandaids».
The
housing demand and
lack of inventory is so great, that if
supply does not increase, we could see a upwards
of 5 percent growth in median home prices within the Austin - Round Rock MSA.
With
lacking housing supply a crisis - level issue across generations, addressing the specific needs
of the older population will necessitate cooperation between several constituents, the report concludes.
With a
lack of significant new
supply in the pipeline, per - unit
housing will continue to be primarily influenced by forces in the multifamily market.
Single - family
housing affordability:
Lack of inventory, higher rents and home prices, difficulty saving for a down payment and investors weighing on
supply levels by scooping up single - family homes have all lead to many markets experiencing decaying affordability conditions.
«The utter
lack of sufficient
housing supply and its influence on higher home prices muted overall sales activity in much
of the U.S. last month,» says Lawrence Yun, chief economist at NAR.
Rising mortgage rates and a
lack of supply have dampened
housing market momentum,» says Doug Duncan, senior vice president and chief economist at Fannie Mae.
The
lack of supply and a larger than normal demand for
housing because
of low interest rates and low home prices compared to the pre-bust days
of 2000 - 2007 are the perfect test for Econ 101.
The governments
of BC and Ontario were looking for a scapegoat to blame for the falling inventory (
lack of supply) and the increased demand for
housing in their two major centres in Vancouver and Toronto.
As the market strikes a better balance
of supply and demand (something that has been
lacking in the past),
house values will probably begin to rise more slowly.
Supply shortages are also an issue, with
lack of housing stock leaving many low - income and middle - class homebuyers out
of options.
Rents are forecasted to increase by 2 percent nationally over the next year, but growth will be moderate based on the increases in
supply and the
lack of affordable
housing in high - cost metros.
Adam and Eddie discuss the capitalistic solution to the
lack of supply of low - income
housing, that...
«There are many culprits behind last year's unsustainable rise in Toronto
house prices, with experts blaming everything from foreign buyers to
lack of supply.
Adam and Eddie discuss the capitalistic solution to the
lack of supply of low - income
housing, that is, giving investors an economic incentive to help solve the problem.
Senior managers with AvalonBay Communities Inc., a Washington, D.C. - based apartment developer, say demand for space continues to rise, propelled by job growth, troubles in the
housing market and
lack of new
supply.