US EditionCanadian Government Has to Allow Home Prices to Fall to Make Housing More Affordable, Experts Say
- Housing experts in Ottawa debate whether home prices must fall to restore affordability for Canadians as of May 23, 2025.
- Mike Moffatt estimated that if home prices remain constant and wages increase by three percent annually, it would take about 18 years nationwide—and approximately 25 years in Ontario and British Columbia—for housing affordability to reach the levels seen in 2005.
- Moffatt and economist Moshe Lander warn that development will halt if building costs don't drop and prices stagnate, despite government efforts to increase supply.
- Moffatt emphasized that all levels of government should prioritize strategies to lower the expenses involved in building homes, while Lander pointed out that such measures would likely face resistance from homeowners.
- Experts view broad affordability as requiring price declines but say political challenges and jurisdictional limits complicate explicit federal efforts to lower home prices.
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43 Articles
43 Articles
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Center
15
Right
2
Gregor Robertson takes the housing hot seat with high hopes and old baggage
Gregor Robertson has barely settled into his new post as federal housing minister, but some industry players say the clock is already ticking on results-and reminders of his Vancouver legacy are never far behind. A key pillar of the Ottawa's housing agenda is the Build Canada Homes program, which pr...
·Kelowna, Canada
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Coverage Details
Total News Sources43
Leaning Left11Leaning Right2Center15Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 39%
C 54%
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