Ep. 558: Canada’s Real Estate Crisis Continues
Guest: Michael Geller
“The real estate crisis continues,” says Michael Geller. “The prime minister has made it one of his key priorities; he’s said he wants to double annual housing production by getting into the business of building.” One of his first moves was to appoint former Vancouver mayor Gregor Robertson to cabinet as Minister of Housing, Infrastructure and Communities of Canada.
“He’s an interesting choice for that role,” says Geller. “His record on housing when he was the mayor is spotty. He’s often blamed unfairly for dramatic increases in housing prices.” After being appointed Minister, Mr. Robertson was asked if housing prices should be lower. He flatly stated no. The prime minister quickly jumped in to say it is not a “yes or no” question.
“I agree with the Prime Minister; it is not a yes or no question,” Geller says. “It’s remarkably complicated. Much of what the PM is proposing has merit. But the question is, what exactly is needed to tackle the housing issues?”
We invited Michael Geller to join us for a Conversation That Matters about Canada’s woes and how we’re going to tackle them.
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