Episode 39: Here's Why Canada’s Housing Crisis Could Take 25 YEARS to Fix

In this week’s episode, Alex & Alex unpack Canada’s worsening housing affordability crisis, new tax breaks for first-time buyers, and why big banks are cutting HELOC limits without notice. They also explore rising gas prices in BC and the controversial push to reopen the market to foreign real estate investors.

Here’s what you’ll learn:

• New GST relief for first-time homebuyers on homes up to $1M, with reduced GST on homes between $1M and $1.5M
• Carney’s 1% income tax cut for the lowest bracket, saving families up to $840 starting in 2026
• Rising unemployment among recent grads and why trades may be the safer path
• How long it now takes to save for a downpayment in Canada—and why affordability may not improve for 25 years
• Why some experts say Canada must let home prices fall to restore affordability
• TD’s recession forecast: 100,000 job losses ahead, layoffs at CRA and major banks
• Canada’s inflation drops to 1.7% after carbon tax pause—but core inflation remains high
• HELOC limits are being reduced or revoked by banks—how and why it’s happening
• Rennie lays off 25% of staff; Metro Vancouver condo inventory expected to surge 60%
• Gas prices in BC rise again despite carbon tax pause—what’s causing the spike
• BCREA economist argues for reopening to foreign buyers to fund new developments
• Concerns mount over growing standing inventory and stalled housing activity

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• Alex Pang 
• Alex Shanks