Brian Crombie Radio Hour - Epi 942 - Causes of Unaffordable Housing with Aled ab Iorwerth

Brian speaks with Aled ab Iorwerth. Aled is the Deputy Chief Economist of CMHC. Groundbreaking research by CMHC has revealed that inadequate supply is a key driver behind escalating house prices in cities like Vancouver and Toronto. Along with Stats Can, CMHC has compared housing prices, approval replays and developer restrictions across major markets and finds the Greater Toronto area municipalities are almost the slowest with the heaviest red tape in Canada. We talked about housing affordability and a recent report that finds that approval time delays are the number one cause of unaffordable housing and creating our current crisis.