Full Comment
The housing crisis is a sign of worse things to come
Oct 9, 2023
The podcast explores the shocking realities of Canada's broken housing market, emphasizing the harm caused by the influx of temporary residents. It delves into the negative effects of housing speculation, the impact of international students on the housing system, and the need for better policy enforcement. Additionally, it discusses provincial changes in housing development, the challenge of urbanization, and the introduction of purpose-built duplexes.
38:44
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The influx of international students and temporary workers has put immense pressure on the rental market, exacerbating the housing crisis.
- Investors buying single-family homes and converting them into rental properties for international students is hindering long-term economic growth and exacerbating housing affordability issues.
Deep dives
The Housing Crisis and its Political Significance
Housing has become a prominent political issue, with officials at all levels discussing how to address rising prices and increase housing supply. Ben Rabadou, an expert in the field, has become a sought-after advisor on housing matters due to his data-driven approach. The housing crisis has been simmering for years, but the recent surge in interest rates and the influx of non-permanent residents, primarily international students and temporary workers, has exacerbated the problem, particularly in the rental market.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
