The Herle Burly was created by Air Quotes Media with support from our presenting sponsor TELUS, as well as CN Rail.

Greetings you curious, you courageous Herle Burly-ites! Here we are, in late 2023. With housing prices still out of sight. Availability of affordable housing, negligible. Government measures crawling slowly into place. Poilievre making hay with a 15-minute docu-drama, viewed millions on the subject. I want to talk about all of that today. And I couldn’t have two better, more engaged-with-the-issue people, to do it with:

Mike Moffatt is an Assistant Professor in Business, Economics, and Public Policy at Ivey Business School, Western. He’s also the Senior Director of Policy at the University of Ottawa’s Smart Prosperity Institute. His current area of research is on Canada’s housing supply and affordability crisis. He’s authored many research reports, made hundreds of media appearances from TVO’s The Agenda to CBC’s The National. His team’s work has led to several public policy changes at all levels of government. And in 2023, he was named one of the most influential people in Ontario real estate.

Ron Butler is a 28-year veteran of the mortgage industry and one of its most prominent names. He’s the founder, and a principal, of discount brokerage Butler Mortgage Inc and he’s a hugely outspoken voice on the Twitter-verse on the subject. A few months ago, he launched his own weekly show — “Angry Mortgage Podcast” — to share his insights, and vitriol, on the subject.

So today, we’re going to benefit from Mike’s 30,000-foot view … and Ron’s boots on the ground experience. What’s happening in the market right now? What’s the situation for mortgage holders facing renewal? What can we expect from government action at all levels? What are the prospects for people in their 20s and 30s to ever own a home? And what did they think of Poilievre’s opus?

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