The High Cost of Living in Canada: Who's Really Benefiting from the Housing Crisis?

By Jack Etkin, July 11, 2025

Millions of Canadians are paying very high rents or very high mortgages. We should all be asking ... where does all this money go; all this money that so many people and families have to pay just for a place to live — where is that money going?

Well, a lot of that money is being moved 'up the ladder' to the investor class and the business class. And this has been deliberately done to us over the past more than 20 years.

The people who run Canada have deliberately created a shortage of housing, and then used that shortage to push up rents and push up mortgage payments. And all that money, from all that hard work and stress, is flowing to 'the insiders' and the .01% and the banksters and the financiers and 'land-owners'.

Which is perhaps why they created a shortage of housing in the first place.

The Homeless as Collateral Damage

And the homeless, who have to pay the highest price for this housing craziness, are just 'collateral damage' created by the intense shortage of homes.

The Role of Politics and Media

And sadly, all our political parties and all our top politicians and governments and the corporate media are all part of 'the game'.

Our governments make all the rules and laws that have allowed this housing bubble and housing crisis to be done to us, going back to the early 1990s when our governments removed themselves from the building of homes in Canada and turned our homes completely over to 'the private sector' who have made fortunes from the housing crisis they created.

The role of the media? To never suggest that maybe this housing nightmare was deliberate. And the media are silent because they are owned by the same corporate interests and banks and the .01% who are making money from the high rents and high mortgages.

A Big Country That “Just Can’t Build Homes”?

Canada is the second biggest country in the world with a population of just over 40 million — but we 'just can't figure out how to build enough homes for the people who live here.'

We're trying, they say, but we just can't figure it out.

We used to be able to have homes for everyone, but now we can't.

That's been the message for twenty years now ... as lives are ruined and people are stressed out and tens of thousands of the poorest live and die on our streets.

Win-Win for the Rich

But the money continues to flow up the ladder, and it's Win-Win for those at the top.

A Call to Wake Up

It's really time that we Canadians started to figure out what's going on in our country...