The Missing Middle with Mike Moffatt and Sabrina Maddeaux
Can Any Party Actually Fix Housing? - Election 2025
Apr 25, 2025
29:09
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Quick takeaways
- The major parties' housing promises, such as doubling housing starts, are deemed unrealistic due to existing labor and market constraints.
- Political platforms prioritize older generations, resulting in a lack of innovative solutions for the housing crisis affecting younger Canadians.
Deep dives
Unrealistic Housing Start Promises
The promise from major parties to double housing starts to 500,000 homes per year is deemed unrealistic amid current constraints in the housing market. Challenges such as a shortage of labor and construction facilities make scaling up production to meet this target improbable. Estimates indicate a current housing shortage of about 1.2 million units, with a more reasonable annual demand of around 200,000 homes based on immigration and population growth trends. Attempting to abruptly increase production could lead to a surplus, potentially resulting in layoffs and factory closures, creating further instability in the housing sector.
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