Name: Canadas Housing Crisis Skyrocketing Rents and Growing Wealth Gap
Uploaded: 2023-09-12T07:19:14+00:00
Duration: 46 s
Description: Canada's housing market is out of control with prices soaring for decades Real estate has become a key wealth-building strategy but it's created a massive housing crisis Increased immigration levels a

8 months ago

Canada's housing market is out of control with prices soaring for decades Real estate has become a key wealth-building strategy but it's created a massive housing crisis Increased immigration levels are adding fuel to the fire driving up demand You might think this would lead to a construction boom but the opposite is happening New home construction is dropping due to high interest rates and rising municipal development fees These fees make it prohibitively expensive to build new housing with 67% of developers cutting back on housing projects The result Skyrocketing rents struggling households and a wealth gap that's growing at record speed The difference between the rich and poor in Canada is expanding rapidly which threatens our social stability in the long run

#CanadaEconomy #HousingCrisis #ProductivityGap #TaxReform #RealEstate #AffordableHousing #RedTape #ZoningRules #PoliticalCourage #EconomicChange #CanadaPolitics

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