The Shocking Truth about Canada's Never-Ending Housing Crisis

Randy Selzer Real Estate Podcast

Today we interview John Krpan, a well-known real estate developer in the west end of the Greater Toronto Area.

John Krpan is the CEO of The Krpan Group, a vertically integrated real estate company that has built over 15,000 residences in Mississauga, Oakville, Burlington, and Hamilton. His company builds residential, commercial, and industrial properties across the region, and has a specialty - they are experts in obtaining approvals for development, whether dealing with the province, the regions, or the various municipalities.

We talk about 15 minute cities, "smart cities", where people are able to live, work, shop, and play within a 15 minute radius. The old paradigms of city versus suburb have been replaced with new ideas. John goes into detail about a recent major project they are doing in Waterdown, Ontario.

We also discuss the state of real estate in Canada. Canada is currently in a real estate crisis, where the demand for housing vastly exceeds supply. The result has been sky-high prices for properties to buy or rent.

Can it be fixed? The truth is, there are many impediments to building enough homes for everyone, including governmental red tape, NIMBY pressures, high interest rates, and the cost of construction. Find out answers to these and other questions in this podcast.