Why no one can afford a home in Canada right now

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.Subscribe to The Hub's podcast feed to get all our best content:https://tinyurl.com/3a7zpd7e (Apple)https://tinyurl.com/y8akmfn7 (Spotify)Watch a video version on YouTube: https://www.youtube.com/@TheHubCanadaFollow The Hub on X: https://x.com/thehubcanada?lang=enCREDITS:Amal Attar-Guzman - ProducerElia Gross - EditorRudyard Griffiths - HostChris Young/The Canadian Press. Hosted on Acast. See acast.com/privacy for more information.