Brian Crombie Radio Hour - Epi 670 - Housing Affordability with Aled Ab Lorwerth

Today I interview Aled Ab Lorwerth of CMHC about a report CMHC issued saying Ontario needs 1.8 MM extra houses build in the next eight years if we are to have any semblance of housing affordability. <br /><br />Aled Ab Lorwerth has been at CMHC as deputy chief economist since 2016. Prior to then he had held a series of positions in economic research, mostly at the federal Department of Finance. Aled has a Phd in economics from Western University, London, and was born in Richmond Hill, but grew up in Wales - hence the Welsh name.<br />The main questions we discuss relate to the housing market - why should we worry about affordability, what has been driving house prices, what should we do about it - increase supply! And who is responsible - municipal governments!