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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 13h

My favourite graph from this week's report, which examines how homes are used. Between 2016 and 2021, the supply of ground-oriented ownership homes in Peel+York+Durham+City of Toronto barely budged, because few were built, and pre-existing homes were converted to rentals.

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 20h

New episode! In "Eastbound and Unpriced" we look at the incredible population explosion of Eastern Ontario, how the region needs 670,000 more homes by 2051, and the continued outmigration of families from the GTA to the region.

Watch here: www.youtube.com/watc...

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 1d

New report! In "Families on the Move," we examine the rapid population growth in Eastern Ontario and how a persistent shortage of three-bedroom (and larger) homes in the GTA will accelerate this trend.

Read here: www.missingmiddleini...

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 2d

Coming tomorrow at 6am - our new report, which examines housing needs in Eastern Ontario and how a high quality of life and attainable three-bedroom+ housing are prompting families to relocate to the region, requiring that communities plan accordingly.

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 2d

On the most recent episode of "The Hurly Burly", Federal Housing Minister Gregor Robertson was asked about eliminating the HST on new home sales. Here was his answer.

Watch the full episode here: www.youtube.com/watc...

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 2d

Latest piece by me, at the Hub.

Pre-construction home sales, both condos and single-family, are in decline, and housing starts will follow.

This will cost the fed government more in lost annual revenue than the cost of Build Canada Homes.

Read here:

Mike Moffatt: Falling sales, falling jobs: Why Canada must cut taxes on new homes

Prices are falling, so why is there no new affordable supply of homes?

thehub.ca

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 3d

It does, yes. It's not exclusive intraprovincial migration.

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 3d

Spoiler for a report we're releasing on Tuesday. The GTAs housing shortage went province-wide around 2015, well before the pandemic, due to a big jump in non-permanent residents, permanent immigration, and large numbers of families moving in from the GTA (captured in "other").

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 5d

Big thanks to all of our subscribers, and big thanks to the MMI team! Meredith proved me wrong, and we hit 5,000 YouTube subscribers today. Really appreciate the love and support.

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 5d

Thanks! Appreciated

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 5d

The Missing Middle podcast is only a couple of dozen YouTube subscribers away from reaching 5,000. Meredith thinks we'll get there by the end of the day. I have my doubts.

If you haven't subscribed yet, we'd love it if you could do so!

Subscribe here:

Missing Middle Podcast - YouTube

Share your videos with friends, family, and the world

www.youtube.com

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 6d

Presented to the House Finance Committee yesterday. Received a thoughtful question from MP Ryan Turnbull on why GST rebates should be extended to all owner-occupiers, not just first-time buyers. Here is my response.

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 7d

The House Standing Committee on Finance is meeting right now, talking Bill C-4 (including the First-Time Home Buyers’ GST Rebate).

It runs from 4:30-6:30 EST today. I'll be presenting at 5:30.

Watch here:

FINA - Home - House of Commons of Canada

The mandate of the Standing Committee on Finance is to study and report on all matters relating to the mandate, management and operation of selected federal departments and agencies, including the Department of Finance and the Canada Revenue Agency, and to conduct pre-budget consultations.

www.ourcommons.ca

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 7d

If you have evidence that either of those claims are true, I would like to see them.

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 7d

Ground-oriented housing is not the same as single-family housing.

Most missing middle housing is ground-oriented.

Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 7d

That is a whole lot different than your earlier claim.

But, yes, I don't think governments should introduce changes to the GST that differentiate based on built form.

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 7d

Can you show me where in the piece I was asking for reductions for single-family home taxes?

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 7d

None of these are single-family home specific taxes.

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 7d

What's the connection between lower taxes on new homes and single-family housing?

Do you only consider single-family housing to be a home?

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 7d

New episode: We dig into the rise of shrinkflation, from grocery store products like cereal and Kraft Dinner to Canada’s shrinking condos, and reveal how companies and government policies are quietly giving Canadians less for more.

Watch here: www.youtube.com/watc...

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 8d

Bonus MMI piece. I'm testifying tomorrow to the Finance Committee regarding Bill C-4 and GST rebates. I'll be discussing the rapid increase in new housing taxes and how this taxation level is incompatible with housing as a human right.

Read here:

Housing Can’t Be a Right If We Tax It Like a Luxury

My remarks to the Standing Committee on Finance

www.missingmiddleinitiative.ca

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 8d

New piece! We re-ran the numbers, and the GTAs new housing collapse will cost governments over $6B a year in tax revenue, including $880M in lost HST revenue for the feds, and $918M for the province.

Both action and inaction have a cost.

Read here: www.missingmiddleini...

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 9d

New MMI piece: The Coming Wave of 20,000 Job Losses in Vancouver’s Housing Sector

Pre-construction apartment and ground-oriented home sales are each down 80% since 2021, costing the GVA 20,000 jobs in the first 6 months of the year alone.

Read here: www.missingmiddleini...

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 10d

New piece in the Toronto Star. New home sales indicate that Ontario's housing crisis extends beyond high-rise condos and isn't exclusive to Toronto. If construction slows down, we can expect to see a spike in prices and rents at the end of the decade.

Ontario’s housing crisis is, somehow, about to get even worse. This is how we can fix it

Toronto's condo crash is just the start of a much bigger problem.

www.thestar.com

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Dr. Mike P. Moffatt @mikepmoffatt.bsky.social · 11d

New MMI piece! The response to our report and podcast episode on the GTAs housing collapse has been overwhelming (in a good way). Today I provide some additional thoughts based on your comments and questions.

Read here:
www.missingmiddleini...

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