How Did Canada Perform Over the Last Decade?

Sabrina prompts a look at the last ten years; Mike shows Canada’s 40% price-to-income rise far exceeded the 13-country average.

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Episode notes

This week on The Missing Middle Podcast, Mike Moffatt and Sabrina Maddeaux bust some myths and take a hard look at Canada’s place in the global housing landscape. Drawing on new OECD data, they reveal why Canada’s housing affordability crisis is among the worst in the developed world—with home prices having risen more than twice as fast as incomes since 1999. They compare Canada’s record to other OECD countries (spoiler: it’s not flattering) and highlight where affordability has been successfully maintained (hint: not here). Sabrina offers a theory on why both Canada and Australia are failing so badly at keeping homes affordable, and together, she and Mike make the case for dropping the excuse that this is just a “global trend.”

Chapters:

00:00 Introduction

01:30 Game:React to the Boomer Comment

02:40 Young people don’t want responsibility?

03:59 Global trend or Canadian crisis?

05:12 Missing Middle study on the global housing landscape

07:35 Home prices vs incomes

09:33 It’s worse in Canada, it’s us, we’re the problem

12:30 Which countries are better at affordability?

15:00 Possible reasons Canada and Australia are struggling with affordability?

Housing report card:

https://jhelmer.quarto.pub/rescon-state-of-the-sector-quarterly-reports/12-report-card-brantford.html