The politics of housing affordability with Michael Bourque from the Canadian Real Estate Association

Episode 2 October 28, 2021 00:37:18
The politics of housing affordability with Michael Bourque from the Canadian Real Estate Association
inFocus with David Coletto
The politics of housing affordability with Michael Bourque from the Canadian Real Estate Association

Oct 28 2021 | 00:37:18

/

Show Notes

According to the Canadian Real Estate Association, the national average home price in September 2021 was $686,650 – an increase of 27% from before the pandemic. In Greater Toronto – the average home price is almost $1.1 million. In Greater Vancouver, it’s close to $1.2 million.  To say that housing has become unaffordable in most parts of Canada is an understatement.

Two weeks ago, RBC released its latest housing affordability measure. It jumped 2.7% in the last quarter – the biggest quarterly increase in more than three decades.

During the past election, housing affordability was a top issue for millions of Canadians – especially those under 40 who aspire to own a home but feel that dream is becoming harder and harder to achieve.

 

On this episode of inFocus, I’m joined by Michael Bourque, the Chief Executive Officer of the Canadian Real Estate Association. CREA represents more than 135,000 real estate brokers, agents, and salespeople working through 78 real estate Boards and Associations across Canada.

Michael and I spoke about housing affordability, the politics of the issue, and what is needed from government policy to make the dream of homeownership a reality for more Canadians.

Other Episodes

Episode 2

August 16, 2021 00:14:02
Episode Cover

Election '21 Briefing - The campaign kicks off. Here's where things stand

In this episode of inFocus, I look at our final pre-election survey and explore the state of the election a day after the election...

Listen

Episode 3

April 15, 2021 00:48:48
Episode Cover

inFocus on Alberta, political culture, and the future of the federation

On this episode of inFocus, I’m joined by my friend Dr. Jared Wesley a political scientist, associate professor, and Director of Master’s programs at...

Listen

Episode 4

April 17, 2021 00:06:53
Episode Cover

inFocus on Abacus Data's on Canada's political landscape the weekend before the federal budget

In this episode of inFocus, I share some thoughts and the findings of Abacus Data's latest poll on Canadian politics. For all the details...

Listen