Juno News - April 13, 2022


Why is Canadian housing so expensive？


Episode Stats


Length

2 minutes

Words per minute

219.96014

Word count

515

Sentence count

1


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode of the podcast, we discuss the growing number of tech startups in the Greater Toronto Area (GTA) and how the tech sector is changing the way we live and work in cities across the country.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 i know you're a tech guy you're heavily involved in this sort of tech community as a founder
00:00:04.240 and i'm wondering if you see anything like that happening in canada where people are moving to
00:00:08.560 places that are more affordable like maybe someplace like saskatoon or somewhere even
00:00:13.760 ontario that's outside of the gta because they're just getting priced out of the expensive markets
00:00:18.000 there yeah i i think i think that's right i think so so kind of like the way i approach this is
00:00:23.280 thinking of cities as primarily labor markets people move to cities for access to the jobs
00:00:27.600 that those cities offer and typically the larger the city the greater the opportunity to specialize
00:00:31.680 in trade and this is why you have kind of really niche jobs in cities which you might not have in
00:00:36.480 smaller towns or rural areas and also why productivity rates and wages are higher in cities and yeah what
00:00:41.840 you're seeing in the us is um people kind of leaving some cities for other cities but they typically still
00:00:47.520 go to cities there are these agglomeration effects and if you look at the tech community i mean a lot
00:00:51.840 of them are going to austin or miami because more of their peers and other tech workers are going to
00:00:56.880 austin miami so they're still trying to like establish this critical mass of people in these
00:01:00.880 areas and i think this kind of this reflects a general approach that you have when you're faced
00:01:06.240 with bad governments right you could you could exercise your voice you could try to vote for
00:01:09.520 change or lobby for change or you could exercise your right to exit and to kind of go somewhere
00:01:13.760 that's a little bit um a little bit better maybe it's easier to move from san francisco to austin
00:01:18.240 than it is to upend san francisco's municipal government i think the challenge that we have in
00:01:22.560 canada is that we don't have as many options in terms of like better governed cities that still
00:01:27.760 have a dense enough agglomeration of you know workers in whatever sector is interesting to you
00:01:33.440 um to make it this kind of like laboratory of democracy or or like menu or this like menu long
00:01:39.840 menu of options to choose from most of our cities where most of our big cities are extremely expensive
00:01:46.720 and the small cities that aren't yet expensive are typically the cities that haven't seen great
00:01:50.560 employment prospects so you have a lot of people for example in toronto moving to hamilton hamilton's
00:01:55.040 no longer affordable so now they're moving out to halifax and halifax is a bit more affordable but
00:01:59.760 you don't have the same job opportunities that you might have in the gta so i think it's a bit of
00:02:03.920 both i think that you put pressure on municipal politicians by showing them that they're going to
00:02:08.400 lose the opportunity to benefit from you know young productive tax paying workers but i think
00:02:13.440 there's still something to be said for trying to improve governance
00:02:19.920 you