The Missing Middle with Mike Moffatt and Sabrina Maddeaux Condo Crashes, Shrinkflation, & The Death of Homeownership?
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Sep 10, 2025 Dive into the chaos of Canada's condo market crash and what it means for aspiring homeowners. Explore the perplexing issue of housing shrinkflation, where smaller living spaces come at a high cost. The discussion highlights the struggles of middle-class families faced with declining affordability, despite falling prices. Frustrations mount over government policies that prioritize rentals instead of supporting homeownership. Is Canada on a path to becoming a nation of perpetual renters? Tune in for insights and thought-provoking analysis.
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Condo Price Drops Mislead On Affordability
- Falling condo prices mainly reflect tiny investor-focused 'shoebox' units, not family-sized homes.
- That means affordability headlines can mask persistent shortages of homes families actually need.
Crash Risks Choking Future Supply
- The condo crash can reduce future supply because developers relied on investor sales to finance buildings.
- If developers stop building, the shortage of family-sized homes could worsen despite lower prices on small units.
Don’t Reinflate The Bubble
- Avoid policies that simply boost demand (like reversing buyer bans) to 'fix' the crash, because they will re-inflate bubbles.
- Focus instead on supply-side reforms that create family-sized, affordable ownership homes.