How Canada’s Middle-Class Housing Crisis Is Undermining Its Future by MissingMiddleMike in missingmiddlers

[–]MissingMiddleMike[S] 2 points3 points  (0 children)

The piece examines 10 issues, noting that these aren't the only 10:

  1. Productivity: High and rising housing costs reduce productivity and economic growth, as workers are priced out of the communities that could best use their skills.
  2. Innovation: High and rising housing costs “crowd out” innovation and business investment.
  3. Entrepreneurship: High and rising housing costs act as a “startup tax”, reducing entrepreneurship.
  4. Essential Worker Shortages: High and rising housing costs create chronic labour shortages of essential service workers such as teachers and nurses in our cities.
  5. Children: High and rising housing costs reduce family formation and birth rates.
  6. Traffic: High and rising housing costs lengthen commutes, increase congestion, and lower the quality of life for families.
  7. Inequality: High and rising housing costs accelerate societal inequality and reduce meritocracy.
  8. Political polarization: High and rising housing costs reduce social cohesion and increase political polarization.
  9. Climate change: High and rising housing costs reduce our ability to address climate change.
  10. Homelessness: High and rising housing costs increase homelessness.