Headlines for African Home Building News
CIR Summit 2024, organised by the Chartered Institute of Realtors (CIR) and the Chamber of Real Estate has ended.
The National Tenants Union of Ghana (NATUG) supports housing policies of the National Democratic Congress Buying a house may remain out of reach for many Canadians for the foreseeable future, with mortgage costs
The CIR Summit 2024, organised by the Chartered Institute of Realtors (CIR) and the Chamber of Real Estate (CRE) in collaboration with the Embassy of Lebanon, concluded last Friday.
The event, held at the Accra International Conference Centre, brought together key stakeholders, industry experts, traditional leaders, and members of the diplomatic corps to address two critical issues: flood mitigation and reducing Ghana’s housing deficit.
The summit, themed “Partnering to Resolve Flooding and Reducing the Housing Deficit in Ghana,” featured a series of keynote addresses, a panel discussion, and the launch of a strategic social housing scheme.
Experts from academia, real estate, and government sectors presented innovative solutions and sustainable practices aimed at tackling these challenges.
Speaking at the summit, Lebanese Ambassador to Ghana, Maher Kheir, emphasized the importance of addressing flooding in the country, expressing his support for the institute’s initiatives.
Dr. Mark Ankrah, a Social Housing and Regeneration Consultant, hailed the summit’s success, noting that the event created a platform for meaningful collaboration and dialogue.
Organisers expressed optimism about expanding their efforts globally, contributing to national development and the growth of the real estate industry.
The National Tenants Union of Ghana (NATUG) has officially thrown its support behind the housing policies of the National Democratic Congress (NDC) after evaluating the proposals from various political parties.
NATUG commended the NDC’s plans to reform the Rent Control Department into an independent Rent Authority and lauded the party’s promise to introduce low-interest rent advance schemes, alongside promoting affordable housing.
This endorsement follows NDC flagbearer John Dramani Mahama’s commitment to prioritizing affordable housing for Ghanaians.
NATUG stated that, the NDC’s housing policies align with its objectives, solidifying its endorsement of the party.
Buying a house may remain out of reach for many Canadians for the foreseeable future, with mortgage costs unlikely to fall enough to offset lofty home prices and weak spending power, economists and real estate agents say.
Even with expectations that Bank of Canada will keep cutting rates in the coming months, the issue of home affordability – which has strangled Prime Minister Justin Trudeau’s poll numbers – is unlikely to fade before the next election.
The mandate for the Liberal minority government ends at the end of October 2025, but an election could come well before then, with the Conservative opposition spoiling to end Trudeau’s nine-year run at the top.
Many Canadians have been priced out of the housing market since interest rates started rising two years ago. At the same time, a huge influx of immigrants has pushed Canada’s population to record levels, further boosting housing demand and prices.
Source : Joycelyn Marigold -Africa Home Building News
