Welcome back to Canada's Real Deal. In this episode, we dive deep into a pressing question: Why are home ownership rates among Millennials and Gen Z decreasing? 🧐 How quickly are these rates falling compared to the past?

A market shift is expected, and many people might be wondering if this is the right time to buy or sell. Can the "right time" be predicted? What happened to the previous predictions made by the economic gurus at the beginning of Covid? What impact has all of this had on pre-construction?

In our last video, we explained some of the hurdles Torontonians face in creating supply in the housing market. We're hindered by zoning laws and long processing times for permits. However, these obstacles can be overcome by re-introducing a strategy first implemented in the 1940s as part of the war effort. The government created WarTime Housing Limited, which bought land and acted like a developer and priced units for moderate incomes. Can this strategy work in modern times?

In our first episode, we set the stage to begin to explain the complex landscape of affordable housing in Canada. Despite efforts and initiatives, the challenges persist particularly due to the permit approval process and the costs associated with them, as well as zoning regulations, and regulatory hurdles. We explore the economic, social, and political dimensions that contribute to the difficulty in building affordable housing across different Canadian cities!