The Canadian Housing Evidence Collaborative (CHEC) is an independent, university-based research and knowledge mobilization organization that shares evidence, stimulates new research and advises on strategic evidence-informed action. CHEC brings together a network of more than 30 academics from across Canada and beyond who are engaged in independent, in-depth research exploring the connections between income, housing and health.
The pie chart below represents an unscientific allocation of a possible per cent contribution of each bullet point.
CHEC explains that the rapid escalation in the cost of both home ownership and rental accommodation in Canada and around the world has a multitude of causes, some more important than others.
Fifteen bold bullet points from the web post “What caused the housing crisis?” are summarized below:
Low interest rates:
Increased money supply:
Financialization of housing:
Failure to prepare for population increase:
Exit of government from affordable housing:
Failure to protect existing affordable housing:
Slow municipal approval process:
Bad forecasting housing inflation and student increases.
Cohort of wealthy homeowners who bid up prices.
Grow condos over rentals:
Exclusive single-family Nimbyism:
Failure to build new student housing:
Money laundering illegal money:
Foreign investors buying properties in Canada
Failure to develop approved properties
(Canadian Housing Evidence Collaborative, n.d.)
The pie chart represents an unscientific allocation of a possible per cent contribution of each bullet point. Consider how you would change the allocation of percentage to causes that would more accurately reflect the situation in your area based on your experience.
References
Canadian Housing Evidence Collaborative. (n.d.). What caused the housing crisis. CHEC. Retrieved October 31, 2025, from https://chec-ccrl.ca/what-caused-the-housing-crisis/
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