Today on the show we welcome Michael Brooks - CEO of REALPAC, and Tim Hudak - CEO of the Ontario Real Estate Association. Together, they discuss the present state of Canada’s housing market, highlight future trends, as well as affordable housing solutions. Brooks and Hudak explain to host Pamela Ritchie the path that led to our country’s current housing situation, shedding light on influential factors such as the rate of home construction and the influx of immigrants. To add to that rising interest rates have halted housing development, and immigration numbers continue to rise in Canada. They also discuss necessary policies and systems that could be implemented to enhance our economy. They explain the need for an across-the-board solution. Many individuals without rental alternatives often turn to non-profit or social housing, which could potentially lead to more challenging living conditions. Many of these discussion points can be found in Hudak and Brooks’ report ‘The Multi-Sector Approach', which looks at the factors driving the national housing crunch, and their recommendations to improve the situation.

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