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High home prices have impacted markets across the country, forcing homebuyers to seek accommodations outside the nation’s largest urban centres and adopt new strategies to reduce costs in Livabl’s weekly roundup of Canadian housing news and trends.

Supply can’t wrangle surging prices: Can increased housing supply combat sky-high prices? Should Canada follow New Zealand’s lead, banning single-family zoning? The Province provides five reasons why supply is a superficial solution that fails to increase affordability for people with average incomes, particularly in Vancouver, where prices far outpace wages despite having Canada’s most dense population.

Head-turning housing numbers: Home prices are on the upswing from coast to coast, producing surprising figures in places that don’t normally garner housing headlines. The Globe and Mail shares numbers from Canada’s overheated housing market, including Hamilton and Victoria inching closer to a $1 million average for resale home prices, Ontarians’ increased appetite for housing in New Brunswick, and Yukon’s year-over-year prices rising nearly 20 per cent.

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Consumers aiming for ‘net zero’: Consumer appetite for ‘net zero’ homes — properties that produce as much energy as they consume — continues to rise, driven by affordable solar technology, building code updates and environmentally-conscious Millennial buyers. Factoring in construction, buildings account for 40 per cent of carbon emissions, with housing responsible for half that amount. The New York Times examines the growing trend and how developers are pivoting to meet demand.

Homeowners steering clear of 90-day fiasco: According to a recent report by Canada Mortgage and Housing Corporation (CMHC), mortgage arrears (non-payment for 90 days or more) have hit a 30-year low. The decrease extends across all lender types, from credit unions to chartered banks to mortgage pools. However, the news isn’t all rosy, as early-stage delinquency rates (payments overdue by 30 days) are on the rise, suggesting the arrears rate could increase in the year ahead.

Fewer adult children are flying the coop: High prices and limited inventory have forced homebuyers to get creative, increasingly turning to multi-generational housing as a way to meet their needs and reduce the cost of living. Census data indicates multi-generational households are Canada’s fastest-growing housing category, increasing 37 per cent between 2001 and 2016 with Toronto and Vancouver leading the way. Urbaneer looks at the benefits and drawbacks of the growing trend.

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