Mike Moffitt

Mike Moffitt, Director of the University of Ottawa's Missing Middle Initiative, dives into the troubling dynamics of Canada’s condo market. He examines the sharp decline in condo prices and the staggering number of unsold or unbuilt units, leaving first-time buyers and speculators in a tough spot. Moffitt discusses the pitfalls of pre-construction contracts and the challenges builders face. He warns of a market freeze that could lead to reduced building and future price spikes, reflecting deeper issues in housing policy.