Housing Crisis - Politics Explained with Aaron Gunn

Canada is currently facing a housing crisis.

As of January 2023, the average price for a Canadian house was more than $600,000, and almost double that if you live in Toronto or Vancouver. The average rent is now more than $2,000/month, up significantly in the last two years.

Rental prices and home prices are at an all-time high. Demand is high. Supply is low. At the current construction rates, there is no sign of the problem correcting anytime soon.

Add to this: inflation leading to higher food prices, new carbon taxes leading to higher gas prices and increased interest rates leading to higher mortgage payments. More and more Canadians are struggling to find a home or stay in their current home.

On this show we are featuring clips from Aaron Gunn’s documentary, “Why Are Housing Prices In Canada So High?” In it he unpacks how we got here, and possible solutions.

Thanks for joining us.

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