CMHC Is Quietly Becoming A Rental Housing Powerhouse

[whatnext]

Originally Posted by djmk

interesting graph of housing ownership. I wonder how this will change as boomers start to "phase out" in the next 10 years or so. I would imagine they are the bulk of owners without mortgages

Also, quite the wild outlier with the Netherlands. i wonder whats going on there

Interesting, I didn't know that either. According to this paper:

Because housing affordability has proven to be an ongoing challenge in the United States, there is renewed interest in European-style social housing. While the German, Swiss, and Viennese models are often cited as exemplars, the Dutch model may prove most relevant to US initiatives. In the Netherlands, non-profit housing associations (called woningcorporaties) own two-thirds of the nation’s rental units, housing almost 30 percent of households for an average rent of €561 (about $600) per month. In contrast, in the US, private entities own almost all rental units in the US: record numbers of renters are paying more than 30 percent of their income on housing, the number of units renting for less than $1,000 dropped from 27.5 million in 2011 to 21.1 in 2021, and near-record numbers of renters are cost-burdened.

In my new paper, “The People’s Housing: Woningcorporaties and the Dutch Social Housing System - Part 2: The Mechanics,” I examine the Dutch system, showing how its design enables housing associations to sustain their operating budgets with rental income and self-finance new social housing developments. In an earlier paper, I described the evolution of this more than century-old system; in the new paper, I examine the institutional structure, governance relationships, and financing mechanisms that characterize the Dutch system, which I believe could prove inspirational for other countries looking to address affordable housing crises...

https://www.jchs.harvard.edu/blog/what-can-we-learn-dutch-social-housing-system