Hub Podcasts Can the Liberals build their way out of Canada's housing crisis?
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May 9, 2025 Beau Jarvis, CEO of Wesgroup Properties, and Brad Jones, Chief Development Officer at Wesgroup, dive deep into Canada's housing crisis. They analyze the Liberal government's development plans and the inefficiencies faced in construction, particularly with union labor. Insights into how immigration impacts housing demand are shared, alongside a look at the evolving rental landscape and the need for affordable housing options. The discussion also emphasizes reviving historical programs to solve modern housing challenges.
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Private Sector Drives Housing Supply
- Canada has a strong private sector housing delivery model handling 95% of housing supply.
- Government-run development faces the same high cost challenges as private sector builders.
Government Housing Faces Higher Costs
- Government projects likely face higher costs due to union labor and more consultation requirements.
- These factors could add barriers compared to private sector delivery, raising overall housing costs.
Record Building Yet Market Struggles
- 2024 saw record new home completions in Canada, breaking 1974's record with 260,000.
- Yet market instability and standing inventory are causing builders to struggle with current conditions.