Today, John continues the show’s mini-theme from last week of digging deeper into the ‘shortage supply’ explanation for increasing housing unaffordability.
Given the similarities between Canada and Australia housing markets, John interviews Cameron Murray, an Australian economist at the University of Sydney, well known for challenging the housing supply narratives that dominate the debate about high house prices in Australia.
In contrast to last week’s episode, which focussed on the argument that building more homes is key to solving Canada’s housing affordability crisis, Cameron discusses how the data he tracks in Australia doesn’t always support the ‘supply shortage’ argument we ‘feel’ is happening on the ground.
What can the banana market tell us about the housing market? Will increasing housing density really make homes more affordable? And can we look to other countries like Singapore for better policy ideas?
You can watch this interview on our Move Smartly YouTube channel: https://www.youtube.com/movesmartly
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