Canada's housing market has become our national obsession, and with good reason. Years of skyrocketing prices are now meeting surging mortgage rates, and the result is some of the least affordable housing in the world. What's driving that affordability crisis, and what comes next?

On this episode of Free Lunch by The Peak, we speak with Mike Moffatt, a Senior Director at the Smart Prosperity Institute and Assistant Professor at Ivey Business School. Mike argues that a lack of supply is the key driver of expensive housing in Canada—we get into the details of why that is and some of the ways our dysfunctional housing market warps our economy.

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