An urgent and illuminating examination of the unrelenting housing crisis Canadians find ourselves facing, by Balsillie Prize finalist and CBC Radio host Gregor Craigie, Our Crumbling Foundation offers real-life solutions from around the world and hope for new housing innovation in the face of seemingly impossible obstacles. Canada is experiencing a housing shortage. Although house prices in major Canadian cities appear to have topped out in early 2023, new housing isn’t coming onto the market quickly enough. Rising interest rates have only tightened the pressure on buyers, and renters, too, as rising mortgage rates cost landlords more, which are passed along to tenants in rent increases. Even with the recent federal budget commitment to bring more housing online by 2030, there will still be a shortfall of 3.5 million homes by 2030. Gregor Craigie is a CBC journalist in Victoria, one of the highest-priced housing markets in the country. On his...
Description:
An urgent and illuminating examination of the unrelenting housing crisis Canadians find ourselves facing, by Balsillie Prize finalist and CBC Radio host Gregor Craigie, Our Crumbling Foundation offers real-life solutions from around the world and hope for new housing innovation in the face of seemingly impossible obstacles.Canada is experiencing a housing shortage. Although house prices in major Canadian cities appear to have topped out in early 2023, new housing isn’t coming onto the market quickly enough. Rising interest rates have only tightened the pressure on buyers, and renters, too, as rising mortgage rates cost landlords more, which are passed along to tenants in rent increases. Even with the recent federal budget commitment to bring more housing online by 2030, there will still be a shortfall of 3.5 million homes by 2030.
Gregor Craigie is a CBC journalist in Victoria, one of the highest-priced housing markets in the country. On his...