Intro

This chapter discusses the federal government's neglect of middle-class homeownership and the difficulties faced by young Canadians in the housing market. The speakers analyze the ramifications of the condo market collapse and how it contributes to ongoing accessibility issues related to homeownership.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

In this episode of The Missing Middle, Sabrina Maddeaux and Mike Moffatt dig into Canada’s condo market crash, the rise of “housing shrinkflation,” and what it all means for young Canadians chasing the dream of homeownership. They unpack why falling condo prices aren’t actually fixing the housing crisis, how developers and government policies have fueled the problem, and why middle-class buyers are being left behind. If you’ve been wondering whether Canada is headed for a nation of “forever renters,” this is a conversation you don’t want to miss.

Chapters

00:00 Introduction

02:02 The condo market collapse: an overview

04:03 The impact of shrinkflation on housing

04:54 Ron Butler pop up

07:48 Government policies and middle-class homeownership

11:56 The future of homeownership in canada

Research/links

Sabrina’s Toronto Star column https://www.thestar.com/opinion/contributors/the-condo-crash-wont-fix-our-housing-problem-in-fact-it-just-might-make-it/article_7c44519f-cdbe-4978-b575-ffc1ef9a76bd.html

New Condo Sales in GTA Hit 3rd-Highest Level on Record in 2019: Report

https://storeys.com/new-condo-sales-gta-2019/

Homeownership rate for City of Toronto: