Housing Affordability Crisis in Canada

This chapter explores the effects of remote work on housing prices in Canada, pointing out the surge in home costs in smaller communities as people move away from major cities. It highlights the ambitious goals set by the Canada Mortgage and Housing Corporation (CMHC) to double housing construction, while discussing the significant barriers to achieving these targets. The conversation addresses current market conditions, emphasizing the ongoing affordability challenges exacerbated by rising interest rates and buyer uncertainty.