Episode 75: The Illusion of Affordability — What’s Really Driving Canada’s Housing Crisis

In this episode of The Real Deal Pod, Allister Carrington and Geoff Lee dive into the increasingly heated conversation around housing affordability — and why current policy efforts may be missing the mark.

From Metro Vancouver’s jaw-dropping 326% price increase over the past 30 years to recent government claims that “average home prices must fall,” Geoff and Allister bring clarity to a complex issue.

They explore what affordability really means, why the “average home price” metric is misleading, and how today’s market forces and political messaging are shaping buyer expectations and investor strategy.

You’ll Learn:

Why true affordability can’t happen without actual price correction

The real relationship between policy, supply, and demand

What agents and buyers should be paying attention to heading into 2026

Why trying to lower “averages” without lowering prices is like cooling a room without letting anyone feel colder

They also dig into the rise in mortgage fraud, the pressure on lenders, and what it all means for Canadians navigating this market.

Tune in for insight, straight talk, and the real deal behind the headlines.