‘We are still building homes hammer and nail, one crew at a time’: Why Canada’s housing system needs fixing—and what we can do about it
John Stackhouse, senior vice-president at the office of the CEO at RBC, and Stephanie Shewchuck, the director of housing policy at RBC Thought Leadership, discuss Canada’s housing crisis, including the complexity of measuring the housing shortfall, different barriers preventing increased construction, and why development charges in particular have become a critical obstacle. They also map out the complex interplay between federal ambitions, provincial powers, municipal finances, and market realities.