Housing affordability has a policy blind spot, and second time home buyers are falling right through it. The assumption is that every young buyer is a first-time buyer. But that's not who's stuck.

Mike Moffat points to people who bought a condo near the top of the market and can't make the jump to a bigger home. Their equity hasn't grown. In some cases, it's gone backward. And the relief programs weren't built for them.

Moffat and the Missing Middle Initiative are pushing for tax changes that account for this reality. The HST cut on new builds under a million dollars is a start. But who it helps, and who it misses, is the real question.

Topics: housing affordability, second time home buyers, land transfer tax, missing middle initiative, condo equity

GUEST: Mike Moffat | missingmiddleinitiative.ca

Originally aired on 2026-05-11