Navigating Canada's Housing Market

This week, Canada's housing department released a document with more details on the Liberal government's plans to scale up affordable housing in the country. It's now seeking feedback from the public about it.

Back in March, Prime Minister Carney vowed that his government would double the number of homes built annually in Canada to nearly half a million. This would be done through an entity called Build Canada Homes, which would spur construction with a focus on affordability and a 'made in Canada' approach.

But these plans are coming together in a challenging environment. A new report from the Canadian Mortgage and Housing Corporation (CMHC) forecasts a drop in housing starts over the next few years. That's against a backdrop of rising costs and other factors that are squeezing developers.

So, can Carney's plan work, and can it work fast enough?

Mike Moffatt, a founding director of the Missing Middle Initiative at the University of Ottawa and the co-host of the Missing Middle podcast, joins the show.

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