Our housing market is growing out of reach, and out of control.

Tell Our Politicians: Housing Should be for Homes First 

Dear Canadian municipal, provincial and federal politicians, 

With foreign buyers and speculators, domestic investors, short-term rentals, real-estate fraud and a host of other issues, it's clear that local housing is too often treated like a commodity instead of a place to live. 

The Code Red housing crisis affecting many of our communities is complex, which is why we must tackle the problem by establishing bold, clear principles. To that end, we're calling on you to support a policy principle of Homes First (investments second):

"The primary purpose of our real estate market must be the efficient supply of homes for people to live in (as renters or owners)."

(Returns on real estate investments are great, but this must come second to our ability to find suitable homes that are within reach of what we can earn). 

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The Canadian Rental Housing index lists many of Canada's major metro regions in critical condition (e.g. Greater Vancouver, Victoria, Nanaimo, Toronto, York and Peel) or severe condition (e.g. Calgary, Edmonton, Regina, Winnipeg, Ottawa, Montréal, Fredericton, Halifax and St. Johns) with many smaller cities and rural regions in severe or poor condition.

As far as home ownership goes, a generation ago it took the average Canadian 5 years to save a 20 per cent downpayment on a home. Today, the Canadian average is 12 years. In Toronto it's now over 20 years. In Metro Vancouver, it's at 23 years (and climbing). 

Many see no choice but to leave their communities, taking their energy and talents with them. Many others make significant sacrifices in order to stay (e.g. accepting much smaller homes than they grew up in, taking on massive debts or giving up on home ownership altogether). Others are reaping windfall gains in equity or have already cashed out, but nonetheless recognize the situation as being ludicrous (especially in places like Vancouver, Victoria, Toronto and elsewhere).

The housing crisis is part of a larger affordability crisis, or squeeze, hitting younger people especially hard (though impacts are felt across all ages). 

Especially maddening: massive influxes of international capital pulling markets skyward; shady profiteering within the real estate industry; vacant homes hollowing out our neighbourhoods; unstable, unaffordable or poor quality rentals. 

Bottom line: we need our politicians to step up.



If you or someone you love can't find an affordable, stable home:
New national lobby group seeks to increase influence of Canadians in their 20s, 30s and 40s
Contribute to my CODE RED campaign and help fight the squeeze!