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The Housing Crisis Isn't Just A Housing Problem — It's An Economic Disaster

Richard Lyall July 15, 2025 4 min read
Storeys
The Housing Crisis Isn't Just A Housing Problem — It's An Economic Disaster
AI Article Summary

The article discusses the current housing crisis in Ontario, highlighting that high construction costs and government-imposed taxes are stalling residential building. It emphasizes that this crisis could become an economic disaster, endangering thousands of jobs and impacting related industries like lumber and services. The article calls for reducing taxes and simplifying regulations to make housing more affordable, warning of the potential GDP loss if no actions are taken.