How mismeasuring inflation fuels the housing crisis: an interview with Kareem Kudus

Inflation seems like big news lately, but runaway inflation has been around for decades when it comes to housing prices in Canada. Gen Squeeze volunteer Kareem Kudus joins Umair and Megan to connect the dots between housing unaffordability and inflation, in particular how mismeasuring housing inflation has contributed to soaring home prices. Since 2005, home prices have risen about 300 per cent on average across the country. But the housing component of the Consumer Price Index -- which we use to measure inflation in Canada -- has only gone up 60 per cent. "So it's completely disassociated from reality," Kareem explains. Fixing this faulty monetary policy will help make homes affordable for younger and future Canadians. 

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