The Missing Middle with Mike Moffatt and Sabrina Maddeaux

Cara Stern, Mike Moffatt, and Meredith Martin

Welcome to the Missing Middle, a podcast about why the middle class in Canada is disappearing. We hope to help you understand why life is becoming unaffordable for so many in this country, and what can be done to reverse course.

  1. قبل ٣ أيام

    Condo Crashes, Shrinkflation, & The Death of Homeownership?

    In this episode of The Missing Middle, Sabrina Maddeaux and Mike Moffatt dig into Canada’s condo market crash, the rise of “housing shrinkflation,” and what it all means for young Canadians chasing the dream of homeownership. They unpack why falling condo prices aren’t actually fixing the housing crisis, how developers and government policies have fueled the problem, and why middle-class buyers are being left behind. If you’ve been wondering whether Canada is headed for a nation of “forever renters,” this is a conversation you don’t want to miss. Chapters 00:00 Introduction 02:02 The condo market collapse: an overview 04:03  The impact of shrinkflation on housing 04:54 Ron Butler pop up 07:48 Government policies and middle-class homeownership 11:56 The future of homeownership in canada Research/links Sabrina’s Toronto Star column https://www.thestar.com/opinion/contributors/the-condo-crash-wont-fix-our-housing-problem-in-fact-it-just-might-make-it/article_7c44519f-cdbe-4978-b575-ffc1ef9a76bd.html New Condo Sales in GTA Hit 3rd-Highest Level on Record in 2019: Report https://storeys.com/new-condo-sales-gta-2019/ Homeownership rate for City of Toronto: https://www12.statcan.gc.ca/census-recensement/2021/as-sa/fogs-spg/alternative.cfm?topic=7&lang=E&dguid=2021A00033520&objectId=7  Toronto condo market is in ‘free fall,’ federal housing minister says https://www.thestar.com/real-estate/toronto-condo-market-is-in-free-fall-federal-housing-minister-says/article_66c26722-1f22-4b28-bf95-3e98f2e02159.html Ron Butler: Condo Crash Meets Housing Crisis https://youtu.be/9xD5veEsB3U?si=-9A-N2jecO8u63N8 Hosts:  Sabrina Maddeaux https://x.com/SabrinaMaddeaux  Mike Moffatt https://twitter.com/MikePMoffatt https://bsky.app/profile/mikepmoffatt.bsky.social Producer: Meredith Martin  https://twitter.com/meredithmartin  @meredithmartin.bsky.social Editor: Sean Foreman @seanegertonforeman @seanforeman.bsky.social This podcast is funded by the Neptis Foundation https://neptis.org/ Brought to you by the Missing Middle Initiative https://www.missingmiddleinitiative.ca/ Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux Produced by Meredith Martin This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.

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  2. ٢٧ أغسطس

    Infill Housing Battles: What 15 Years of Data Reveal

    Why do some infill housing projects spark outrage while others fly under the radar? In this episode of The Missing Middle, host Sabrina Matto sits down with former London City Councillor and researcher Jesse Helmer to unpack 15 years of planning committee decisions. They explore why certain housing proposals face fierce opposition, what factors reduce pushback, and how cities can actually build more homes with community support. From surprising success stories to lessons learned in local politics, this conversation sheds light on the politics of infill housing—and why it matters for solving Canada’s housing crisis. If you’re interested in urban planning, housing affordability, or how communities can embrace smarter growth, this episode is for you. Chapters 00:00 Introduction  01:00 Infill development research with Jesse Helmer 02:40 Factors influencing opposition to housing proposals 05:30 Research methodology and analysis 08:23 Following up with residents after a project is built 11:15 Jesse’s personal journey as a London city councillor 14:08 Optimism for housing solutions 16:28  Personal reflections about Jesse’s time on London city council Research: https://www.missingmiddleinitiative.ca/p/the-politics-of-infill-housing-what Guest: Jesse Helmer:  https://x.com/jesse_helmer Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux Produced by Meredith Martin This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.

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  3. ٦ أغسطس

    MURBs & The Housing Plot Twist No One Saw Coming

    What do cheesy Jean-Claude Van Damme movies and Canada’s rental housing crisis have in common? Apparently, more than you’d think! In this episode of The Missing Middle, Sabrina Maddeaux and Mike Moffatt hop in their imaginary time machine to explore how a long-forgotten 1970s tax trick—MURBs—might make a comeback to boost rental housing today. Will this retro loophole help fix our sky-high rents, or just mess with the condo market even more? Grab your popcorn and find out how investors, multiplexes, and a bit of tax magic could change the housing game all over again. Chapters 00:00 Introduction 01:51 Investing in housing: a time travel scenario 03:46 Why building apartments wasn’t a great investment 04:47 History of creating rental stock 06:07 Understanding the MERB 08:32 MURB tax deferrals 10:24 How MURB impacts condo construction 11:53 MURB now vs 1970s 13:19 The historical context of MERB and its implications Research/links: Time Cop trailer The Quiet Death of the Investor Condo? MURBs May Change the Game      Hosts:  Sabrina Maddeaux https://x.com/SabrinaMaddeaux  Mike Moffatt https://twitter.com/MikePMoffatt https://bsky.app/profile/mikepmoffatt.bsky.social Producer: Meredith Martin  https://twitter.com/meredithmartin  @meredithmartin.bsky.social Editor: Sean Foreman @seanegertonforeman @seanforeman.bsky.social This podcast is funded by the Neptis Foundation https://neptis.org/ Brought to you by the Missing Middle Initiative https://www.missingmiddleinitiative.ca/ Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux Produced by Meredith Martin This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.

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  4. ٣٠ يوليو

    REITs, Rent & Rage: Canada’s Housing Tug-of-War

    ​​In this episode of The Missing Middle, Mike Moffatt and Sabrina Maddeaux unpack the controversy around REITs (Real Estate Investment Trusts) and their role in Canada’s housing crisis. Are REITs really blocking affordable housing, or is the real issue deeper than greedy landlords? Mike and Sabrina break down how REITs work, why they’ve become political scapegoats, and what actually needs to change to build more truly affordable homes. If you’ve ever wondered who should be our landlords — mom-and-pops, corporations, or governments — this is the conversation you need to hear. Subscribe for weekly deep dives on housing, urban planning, and Canada’s affordability crisis. Drop your thoughts below: Who do YOU think should be Canada’s landlords? Chapters 00:00 Introduction 01:55 Who should our landlords be? 03:44 Real Estate Investment Trusts  04:45 Mutual fund trust 05:45 Canada has an undeveloped REIT system 06:53 REIT push back on affordable housing 09:12 Who is to blame for affordable housing not getting built? 10:30 All of the other things that make it expensive to build 12:09 Should the government build more affordable housing? 12:37 Someone has to pay so who should it be?  16:11 What do we mean by affordable units? Research/links: Ford government scrapped Toronto affordable housing requirements after pushback from three REITs, documents show Reddit thread Everyone Wants Rentals, but No One Wants Landlords REIT data Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux Produced by Meredith Martin This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.

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  5. ٢٣ يوليو

    Young Workers and the Public Service Purge

    In this episode of The Missing Middle, Sabrina Maddeaux and Mike Moffatt break down the massive wave of federal public service job cuts and how they’re slamming young Canadians the hardest. From thousands of lost student and contract jobs to long-term impacts on housing, wages, and health, they reveal how a shrinking government workforce could shut an entire generation out of shaping Canada’s future. They also dive into what this means for unions, the economy, and why real public service reform must include young voices. If you care about youth employment and the future of Canada’s workforce, you don’t want to miss this! Chapters 00:00 Introduction 01:00 Federal public service job cuts explained 02:54 Our Video 03:46 The cohort effect and some historical context 05:12 The lack of young public sector workers in shaping policy 07:15 Mike’s experience in the federal public service 09:26 The talent vacuum 10:30 The effects of graduating in a recession 12:26 Ripple effects in the broader economy 13:45 Graduating in a recession can impact your health 16:30 Job hoarding and the role of unions 20:24 Future perspectives Research/links: Federal public service job cuts fall heavily on young workers Sabrina Maddeaux: Striking union should ditch anti-millennial contract demand How Colleges Broke Canadian Immigration The Short- and Long-Term Career Effects of Graduating in a Recession Life-Cycle Impacts of Graduating in a Recession Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux Produced by Meredith Martin This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.

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Welcome to the Missing Middle, a podcast about why the middle class in Canada is disappearing. We hope to help you understand why life is becoming unaffordable for so many in this country, and what can be done to reverse course.

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