Is Canada setting itself up for a big home price spike in 2030?

6 hours ago 1

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Prime Minister Mark Carney has said he wants housing to be more affordable for Canadians.

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It won’t be easy: Housing prices across Canada fell two per cent year-over-year, as of May, but there would need to be much larger drops to make housing affordable for many people.

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On this episode, we talk to Mike Moffatt, founding director of the Missing Middle Initiative at the University of Ottawa, and co-host of the podcast on housing, the Missing Middle.

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The name, Missing Middle references many things — the decline in the young urban middle class, the polarization of our politics, and also the missing middle in housing — we have giant condo towers, mid-rise towers and houses, but not enough of the multiunit housing complexes that lie in the middle.

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Moffatt explains his theory of why housing prices have soared, how the politics of the past few decades have brought us to where we are today, and his view on what needs to happen to bring housing prices back down to earth.

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