The Future Of Housing
ATB Financial’s Chief Economist, Todd Hirsch is joined by special guests to explore the unique future of housing and how this quickly changing industry impacts each of us and our economy.
By ATB Financial 11 May 2022 3 min read
There is much more to housing than the physical structures people call “home”. This rapidly evolving industry is heavily influenced by the pressures occurring around us and within the economy. While the COVID-19 pandemic sped up some aspects of the industry that were already in motion, there is a need for innovation, sustainability, accessibility and affordability to build the right communities for the future.
What will the future of housing look like? How might housing challenges be faced head on with innovative solutions? And how do we ensure communities are built to meet the needs of people today, and for generations to come?
This series features two episodes. In episode one, Todd Hirsch is joined by Mike Brown, president of Trico Homes. In episode two, Tim Richter, founder, president & CEO of the Canadian Alliance to End Homelessness joins the conversation.
Episode 1 - Michael Brown, President of Trico Homes
Trico Homes is a staple of the Calgary community. In 1982 mechanical engineer, Wayne Chiu, immigrated to Calgary from Hong Kong to start his career and build a new life for his family. In 1992, he founded Trico Homes, with a commitment to being a different kind of homebuilding company.
In 2020, Mike Brown took on the role of President of Trico Homes, and has been dedicated to growing the legacy of the organization, putting customers first, harnessing innovation and building communities that are sustainable into the future.
In this episode Mike and Todd discuss the future of homebuilding and communities. They unpack how the COVID-19 pandemic unexpectedly boosted the industry and required homebuilders to align with people's values and needs, and what impact this will have on home ownership and the economy in the future. Mike discusses what you, and generations to come, might expect when pursuing home ownership in the years ahead.
The need to build diverse communities to benefit the economy and businesses is a major theme. Mike also shares what he expects to see for the future for housing affordability, sustainability and intergenerational housing.
"What we instill on our team is that innovation doesn't have to be something you invent on your own. It’s your ability to look to others, including competitors, for inspiration and elevate from there."
President of Trico Homes
Episode 2 - Tim Richter, President & CEO of the Canadian Alliance to End Homelessness
Alberta is uniquely positioned to be a leader in ending homelessness. Tim Richter, president & CEO of the Canadian Alliance to End Homelessness joins Todd Hirsch to discuss the current and future state of affordable housing and homelessness in Alberta and beyond.
The interconnection between home ownership, the rental market and affordable housing means this issue impacts each and every individual and family. With 36% of Canadians having encountered or known someone who has experienced homelessness, the future demands using data, innovation and scalable solutions to ensure every person has safe and affordable housing solutions.
This episode explores how Medicine Hat ended chronic homelessness, and how other cities and provinces are leveraging solutions to make big impacts. This includes using data to meet people’s individual needs, and using data as a tool for real time problem solving.
Economic costs and data is shared throughout the episode to bring understanding to the economic strain homelessness has on communities, versus the economic benefits of ending homelessness and ensuring affordable housing for all.
Learn more about the Canadian Alliance to End Homelessness.
"When you don't invest in affordable housing, you just shift the debt to another place on your balance sheet."
President & CEO, Canadian Alliance to End Homelessness
In this series
Chief Economist Todd Hirsch connects with Mike Brown, president of Trico Homes and Tim Richter, president & CEO of the Canadian Alliance to End Homelessness to discuss The Future Of Housing.
Themes of this series include; building housing and communities for the future, the intersectionality of home ownership, rental markets and homelessness, the role housing plays within the economy and much more.
Listeners will gain a deeper understanding of how these topics impact their own lives and communities, and how they can influence the future of this industry.