Angry Mortgage Housing Gone Wrong | EP. 150
Dec 2, 2025
Sabrina Maddeaux, a skilled journalist and housing expert, dives into the chaos of Canada's housing market. She highlights why prices remain detached from incomes and discusses the dubious quality of new developments, like 'dog crate' condos. Sabrina critiques governmental policies and the impact of long-term low interest rates on the housing crisis. They explore the pressing need for 'missing middle' homes to combat homelessness and share insights on how current political incentives favor existing homeowners over new developments.
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Episode notes
Prices Still Detached From Incomes
- House prices remain disconnected from incomes because wages haven't kept up with the surge.
- Price drops concentrated in low-quality condos, not family-sized homes.
Cheap Debt Fueled The Housing Lottery
- Quantitative easing and low interest rates inflated housing as an asset class.
- Cheap borrowing, not just local policy, drove the lottery-like house price gains.
Greenbelt Concentrated Demand, Limited Supply
- Ontario's Greenbelt concentrated demand by hemming in the GTA and limiting supply.
- Promised infill never happened, worsening affordability pressures.