Founding Director, PLACE Centre. Co-Host, "Missing Middle". Husband. Father. Brother. Son. Economist. Housing guy. I used to do other stuff. Details in link.
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2026-05-20T14:20:02Z Event JSON
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Last Notes npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt New episode! Canada is launching a new sovereign wealth fund, but what exactly is it, and why is Prime Minister Mark Carney betting big on it? We examine how sovereign wealth funds work, using Norway as an example. npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt Around this time last year, I sold all of my US stocks and reinvested 10% in Canada, 90% in non-US/non-Canada. npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt Since 2004, incomes for young dual-earner couples are up 76%. But new family-sized starter-home prices rose 265%. A generation of young families has been priced out of housing; it's time for governments to take the problem seriously. npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt Out of budget lockup. I recently wrote: "Ottawa imposes a 10 percent luxury tax on yachts... yet a family buying a semi in Scarborough pays the equivalent of 15 percent in [DCs] and land transfer taxes." npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt I'm the guest on today's episode of CBC's Front Burner podcast, talking about homebuilding and the federal government's Build Canada Homes (BCH) plan. npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt Housing starts in the City of Toronto are down nearly 60% in 2025 relative to 2024, and in the rest of the GTA, they're down nearly 30%. npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt New podcast episode! Sabrina and I talk to Ron Butler (@ronmortgageguy) on Toronto and Vancouver's broken housing markets. How we got here, and how it'll get worse before it gets better. npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt Canada needs to restore the dream of homeownership. We also need to recognize that core housing need is much higher among renters. Any solution to the housing crisis must help both groups, not pit one against the other. npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt To get price-to-pre-tax-family-income ratios down to 4 for single-family homes, we would need prices to stay flat in Oakville for 40 years for wages to catch up. npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt New piece! "Even if we could somehow double the rate of real-wage growth, the oldest Millennials would be 65 years old and receiving CPP payments by the time housing returned to 2005-levels of affordability in Kitchener-Waterloo." npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt CMHC housing data released. Housing starts in Ontario down almost 40% in Q1 this year relative to last year. npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt Spoiler for an upcoming piece, on why 3+ bedroom homes matter. We can't simply tell families not to have kids, force families to live in cramped conditions, or price families out of our cities, and stay compliant with international law. npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt Spoiler for tomorrow's piece: "Even if we could somehow double the rate of real-wage growth, the oldest Millennials would be 65 years old and receiving Canada Pension Plan payments by the time housing returned to 2005-levels of affordability in Kitchener-Waterloo." npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt New Missing Middle episode! Today, we discuss the discontent that many young people are experiencing regarding Canada and the country's continued decline in the World Happiness Report rankings. (6th in 2016, 18th in 2025) npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt Just sold off every US stock and ETF in my RRSP. Wish I had done it weeks ago. npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt The feds set a 3.9M homebuilding target - over 500K units a year. But today, the CMHC forecasts that starts will be under 250K a year and fall each of the next 3 years. npub1ywjr2w6txn3vlyt23sh00hdj276c005afxczpe6drf3ctaef0jqsjcdmwk Dr. Mike P. Moffatt A first for the Missing Middle! We had a video banned on TikTok. Looks like somebody didn't like me talking about Trump Tariffs.
