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Canadian Government Has to Allow Home Prices to Fall to Make Housing More Affordable, Experts Say
- Housing experts in Ottawa debate whether home prices must fall to restore affordability for Canadians as of May 23, 2025.
- Mike Moffatt estimated that if home prices remain constant and wages increase by three percent annually, it would take about 18 years nationwide—and approximately 25 years in Ontario and British Columbia—for housing affordability to reach the levels seen in 2005.
- Moffatt and economist Moshe Lander warn that development will halt if building costs don't drop and prices stagnate, despite government efforts to increase supply.
- Moffatt emphasized that all levels of government should prioritize strategies to lower the expenses involved in building homes, while Lander pointed out that such measures would likely face resistance from homeowners.
- Experts view broad affordability as requiring price declines but say political challenges and jurisdictional limits complicate explicit federal efforts to lower home prices.
31 Articles
31 Articles
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Rent control goes a long way to solving the housing crisis
Imposed from above during an economic emergency, rent control played a significant role both in curbing out-of-control inflation and solving the housing crisis Canada was experiencing at the time. A combination of robust rent control and concurrent investments in public housing saw housing prices fall by as much as 30 percent in real terms between 1975 and 1978.
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