.png)
The Missing Middle with Mike Moffatt and Sabrina Maddeaux
Welcome to the Missing Middle, a podcast about why the middle class in Canada is disappearing. We hope to help you understand why life is becoming unaffordable for so many in this country, and what can be done to reverse course.
The Missing Middle with Mike Moffatt and Sabrina Maddeaux
Why You Can’t Build Cheap Homes Anymore
When Mike bought his first home, it cost him $168,000. That number barely covers a downpayment in much of Ontario these days – and even if a developer wanted to, it could not offer that price (even indexed to inflation) because the costs to build are just so high.
Mike and Cara break down the costs associated with home-building, including land prices, development charges, construction costs, and taxes, while also examining the impact of these factors on housing affordability.
Links:
Greater Toronto Area Municipal Benchmarking Study
Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.
