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Why no one can afford a home in Canada right now
Description
Ron Butler, principal of Butler Mortgage, discusses Canada's housing crisis. He analyzes the ongoing price correction in major markets, the collapse of investor-driven "dog crate condos," and rising mortgage defaults as pandemic-era rates reset. He argues that regulatory barriers, development fees, and the Greenbelt prevent new construction, while policy responses prioritize protecting existing homeowners over affordability for young Canadians. He also explores how Canada's housing market became financialized and whether fundamental reforms are politically feasible.
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CREDITS:
Amal Attar-Guzman - Producer
Elia Gross - Editor
Rudyard Griffiths - Host
Chris Young/The Canadian Press.
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