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There are also developments in apartment design in Australia that can enable multigenerational living. Dual-key apartments are beginning to be developed in inner- and mid-suburban areas. [6] In 2018, New South Wales led the construction of new granny flats while Victoria had the fewest number of new granny flats constructed.
In the late 2000s, housing prices in Australia, relative to average incomes, were among the highest in the world. As at 2011, house prices were on average six times average household income, compared to four times in 1990. [15] This prompted speculation that the country was experiencing a real estate bubble, like many other countries. [16]
The Canadian property bubble refers to a significant rise in Canadian real estate prices from 2002 to present (with short periods of falling prices in 2008, 2017, and 2022). The Dallas Federal Reserve rated Canadian real estate as "exuberant" beginning in 2003. [ 1 ]
Many states are making it easier for residents to build accessory dwelling units, or ADUs, on their properties.
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In a Fifth Estate interview, Calgary-based Michael Brooks—CEO of Real Property Association of Canada (REALPAC), which lobbies the federal government on behalf of Canada's largest commercial real estate companies—said that the private sector was not "primarily in the business of providing a public good," such as affordable housing. [32]
Oxford Properties ranked first in Sustainability in North America in the Diversified Retail/Office Category by GRESB survey for the fourth year in a row in 2016. [9] GRESB is an industry-driven organization committed to assessing the ESG performance of real assets globally, including real estate portfolios and infrastructure assets. [10]
The Toronto Regional Real Estate Board (TRREB), formerly the Toronto Real Estate Board (TREB), is a non-profit professional association of registered real estate brokers and salespeople in and about the Greater Toronto Area. [1] TRREB's Toronto office is located at 1400 Don Mills Road. [2]