Urban Issues

The number of people working in downtown Portland dropped from more than 103,000 in mid-2019 to 13,000 in mid-2020, according to a State of the Economy report recently published by the Portland Business Alliance. The report doesn’t actually show numbers, but the chart below, which I took from the report, can be used to make pretty close estimates.  read more »

Toronto seems guaranteed to retain its position as the densest urban area in North America (Canada and the United States), based on 2021 Census data recently released by Statistics Canada. The Toronto population centre (urban area) has grown at a rate of 0.8% annually since the 2016 census, while increasing its urban density to 3,088 persons per square kilometer.  read more »

From time to time, we hear of the demolition of an historic or architecturally significant home in the news. Inevitably, there’s an outcry. Community leaders agree: “Something must be done!”

But what can be done?  read more »

Has the California proposition changed fundamentally? And does it matter for real estate?

The answer to the first question is yes—the state had a net population decline in 2021, the first drop since it began annual counts more than a century ago.  read more »

Housing is rapidly becoming the key economic issue facing America's beleaguered middle class. Even as interest rates rise, rents are on a wild binge, up near 20 percent in the past year or more in some cities. Meanwhile, home prices have hit a high and appear to be climbing further still. Higher prices are emerging even in what have long been relative bargain communities in the southeast, as refugees from the high-priced Northeast pour in with their greater resources.  read more »

Perhaps nowhere is the gap between America’s cognitive elite and its populace larger than in their preferred urban forms. For nearly a century—interrupted only by the Depression and the Second World War—Americans have been heading further from the urban core, seeking affordable and safe communities with good schools, parks, and a generally more tranquil lifestyle.  read more »

Some metropolitan areas continue to have higher costs of living relative to the national average. The most important component is the extent to which higher housing costs contribute to these differences. Our Urban Reform Institute Standard of Living Index showed that more than 85% of the difference between costs in the more expensive metropolitan areas and the nation was attributable to housing (Figure 1).  read more »

Canada has released early results of the 2021 Census, with a detailed analysis of growth in Census Metropolitan Areas (CMAs). Among the 41 metropolitan areas, 77% of the population growth between the 2016 and 2021 censuses was in the suburbs, with 23% in the urban core (Figure 1). The suburbs have 78.5% of the total CMA population, with 21.5% in the urban core (Figure 2)  read more »

I recently enjoyed a podcast where the two hosts engaged in a bit of banter about real estate. One had gradually purchased a few homes in a row along the same street and compared them to the little houses in the game of Monopoly.  read more »

The future of public transit is nearly empty buses and railcars. Yet President Biden’s American Jobs Plan calls for spending $85 billion on transit. Although transit carries less than 1 percent of passenger travel in the United States, and no freight, this represents 28 percent of the funds Biden proposes to spend on transportation.  read more »