Zoned Out: How We Underbuilt an Entire Generation

Once a pillar of middle-class security, affordable homeownership has slipped out of reach for millions of Canadians. But economist Mike Moffatt (Missing Middle Initiative, Smart Prosperity Institute, Ivey Business School at Western University) argues the housing crisis isn’t just about sky-high prices; it’s the result of a system-wide failure.

In this episode, Moffatt joins host Marwa Abdou to trace how that failure emerged from the collision of well-meaning but clashing policies: greenbelts that preserve farmland while choking supply, immigration targets that fuel growth but strain capacity, and zoning laws that shut out the “missing middle” homes families desperately need.

The conversation goes beyond affordability, exploring the so-called “housing theory of everything” — how the effects of broken housing markets ripple through entrepreneurship, fertility rates, and even political stability. From building codes to taxation, Moffatt and Abdou unpack the tough trade-offs ahead and ask: Can Canada fix housing before it undermines our economic future?