Housing affordability has been a large concern for Canadians who saw rents and prices climb rapidly over the years with no commensurate increase in incomes. Academic and professional literature has repeatedly pointed out that increasing housing supply is likely to moderate housing prices and rents. The Supply Skeptics though believe that tightening regulations for credit supply and immigration is the way forward.
Professor Murtaza Haider writes in the Financial Post to explain why supply skepticism will exacerbate the housing affordability challenges in Canada. To read his co-authored op-ed with Stephen Moranis, please CLICK HERE.