Canada’s Housing and Rental Affordability Crisis with Tony Bonen and John Pasalis

Canadian Economics

By: John Pasalis, Tony Bonen

Leadership Perspectives: Economics Matters, Episode 8

The pandemic created upward pressure on housing and recent increases in interest rates are pushing affordability even further away for some. The OECD now ranks Canada as having the most expensive housing market among all other G7 countries. 

Our guests this episode explore how we got to this point and what if anything can be done to create a more affordable housing market. They share that not only are housing prices forecasted to continue to rise, but that the affordability crisis is extending deep into the rental markets. This is further deepening the crisis and creates greater pressure for near and long-term solutions.

Director, Economic Research, Conference Board of Canada

John Pasalis

President, Realosophy Realty