There are a lot of compelling ideas out there about why we’re experiencing the current housing affordability crisis, and it can be easy to want some of these myths to be true. It’s a lot easier to have clear bad guys and feel-good proposals than to acknowledge that housing affordability is a complex problem like any other that requires practical and reality-driven solutions that are based on the best evidence we have.

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More Oh The Urbanity!: The Myth of 1.3 Million Vacant Investor Homes in Canada: https://www.youtube.com/watch?v=evYOhpjMql0&list=PLN3OhfIDlvuMjcg36sdLJuxaXi6OaOWFD Housing playlist: https://www.youtube.com/watch?v=9bkC8YlBxoM&list=PLN3OhfIDlvuMjcg36sdLJuxaXi6OaOWFD

References: City-wide effects of new housing supply: Evidence from moving chains: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3929243 The Economic Implications of Housing Supply: https://www.aeaweb.org/articles?id=10.1257/jep.32.1.3 Case-Shiller National Index up 19.8% Year-over-year in February; New Record Monthly Increase: https://calculatedrisk.substack.com/p/case-shiller-national-index-up-198 Vacancy Rates and Rent Change, 2021 Update: https://doodles.mountainmath.ca/blog/2022/02/18/vacancy-rates-and-rent-change-2021-update/ Forecast for Failure: https://institute.smartprosperity.ca/publications/forecast-for-failure

Music we used: Medium Rock by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/; Artist: http://audionautix.com/

#housing #affordabilitycrisis #housingincanada