Spoiler for an upcoming report. Although newcomers to Canada disproportionately settled in cities, Toronto's share of Ontario births actually fell during the immigration boom years, as the City priced out middle-class families.

Through a Freedom of Information request, the Toronto Star got access to an Ontario Mayors' WhatsApp chat. Turns out, Mayors have things to say about our work! (FWIW, we stand by our piece).

As promised, our new interview with Bank of Canada Governor Carolyn Rogers, where we discuss housing affordability, productivity, how the BoC thinks about housing when making rate decisions, and whether Canada is an optimal currency area. Watch here:

Bonus episode! Today at 5 PM EST, we'll release an interview with Bank of Canada Senior Deputy Governor Carolyn Rogers, where we'll chat about the housing crisis, the relationship between interest rates and housing affordability, and how housing is measured in the CPI.

There's only one head of household per household. So 3 roomates sharing an apartment would only have one head-of-household.

There's no MOE, as it's not a poll.

The 2024 Canadian Housing Survey was released a couple of weeks ago. Not surprisingly, it shows that homeownership rates are falling for people in their late 20s and early 30s.

In other news, this just popped up on my Facebook memories page. 3 years ago today. So much has changed since then. And by "so much", I mean my haircut.

We have more than one economic because of the exchange rate.

Not necessarily, no. In fact, there's a good chance they'll start to rise faster than incomes again. There's still a pretty large structural imbalance of homes.

My latest at the Globe. While the recent spike in bond yields and interest rates was caused by transitory factors, we should expect a secular rise in rates over the next 2 decades due to population aging and growing government debt. Read here:

Nobody asked you to point this out, Munro.

The corollary to this is that progressive urbanism must also be at least a little bit libertarian to be liberatory; to get organic, informal networks you need to allow the uncontrolled and unpredictable, whether that's different and novel housing or jobs or amusement.

Thanks! I think it would work well.