Ryan Out Loud - This Week in Housing (August 19th, 2022)

Housing Shortage

Ontario is likely to fall short of its goal of creating 1.5 million homes by 2031 to address the housing crunch, according to a new study from the Smart Prosperity Institute.

Ontario wants to build 1.5 million new homes over 25 years. But this goal may not be realistic because it is based on a study that has been debunked by experts.

Ontario is already dealing with a shortage of homes. The report says that by 2031, the province will need 1 million more homes to meet the needs of the growing population. However, it is unlikely that this goal will be reached.

SWIFF

If you are an Ontario filmmaker who is just starting out, you are encouraged to submit a proposal for a film that highlights an aspect of Lambton County's history, nature, culture or communities.

You have until August 29th to submit your proposal for the chance to be awarded $15,000 to make a film. This project will be open to all filmmakers who meet the requirements and criteria set by www.swiff.ca/sarnia-on-screen.

Nathan Colquhoun Aims to Be Mayor

Sarnia Councillor Nathan Colquhoun plans to run for mayor of the city. The one-term city councillor filed his nomination papers to run for mayor of Sarnia on Tuesday. Colquhoun, a 37-year-old small business owner who was born and raised in Sarnia, is currently the only candidate for mayor. Colquhoun plans to dethrone Mayor Mike Bradley, who has held office for the last 32 years.

Most Affordable Markets

The average price of a home in Canada has decreased for five months now, as per the Canadian Real Estate Association's (CREA) most recent data. Even though the average price of residential properties decreased in most Canadian real estate boards and associations, some regions have still maintained low prices.

References:

https://www.cbc.ca/news/canada/london/ontario-build-housing-crisis

https://ontariopc.ca/1-5-million-homes-over-10-years

https://www.theobserver.ca/film-festival-commissioning-short-film-sarnia

https://www.theobserver.ca/news/nathan-colquhoun-seeking-mayors-job

https://www.ctvnews.ca/canada-most-affordable-markets