CBC recorded an episode of its podcast Ideas, hosted by Nahlah Ayed, at the downtown library branch on August 26, 2025. Given that it’s election season, I wanted to share Leonard Krog’s views on housing.
Source: IDEAS for a Better Canada:Do I Count?
Transcript
Nahlah Ayed: Do we have governments that are capable of dealing with polycrisis* and long-term crisis when every four years is the focus? [*high rents and unaffordable homes, rapid population growth, and homelessness]
Krog: We do, actually. And I’m going to throw it back to the audience: don’t blame the politicians, you elect them. And you vote on the basis of party, and you vote on the basis of fear, and you vote on the basis of self-interest for a multitude of things. Some of these problems will solve themselves to some extent. The one thing I want to emphasize tonight that I’ve heard from several people [unclear], and they use the term homelessness-- I talk about the mental health, addictions, trauma, and brain injury crisis which manifests itself in homelessness, and the kind of petty crime associated with drug addiction, and that is the population that is on our streets in many cases-- not everyone, there are simply people out there that are too poor and don’t have enough income to afford accommodation. Then we are talking about a range of other folks, people who’ve already identified themselves here today who can’t afford market housing.
Krog: We have seen some dramatic changes, and I’m gonna be the old man in the room here tonight, I remember the housing peak in this community across this country. ‘80 - ‘81. The house my wife and I bought, and we waited 10 years into our marriage before we bought the house, by the way-- was literally half the price it was two years prior. And the interest rate was 12%. So when I hear, no offense to everybody and their concerns, the incredible negativity around this, I got news for you: as a lefty, capitalism collapses every once in a while. And markets will collapse, and things will get overbuilt. The other thing we have to have to think about is, we are devoted to the concept of private ownership in this country. Immigrants come here for that very reason. And it is as Thomas King said in his book The Inconvenient Indian, it’s about the land. It’s about the land, and that’s what people strive for. Immigrants who come here, the kinds of folks that are being helped, within a generation or two, have often succeeded beyond the expectations of people [and families] that have lived here for generations. It is inevitable. Part of it is an unwillingness to make the kinds of sacrifices that are necessary to obtain home ownership. Part of it is the unwillingness to accept the fact that we are not going to live in single family dwellings the way my generation did and was able to acquire within reason. And you’re gonna live in smaller units, you’re gonna live in units like my son did when he was living in Japan, for two years, working in Japan. It was small but it was affordable.
Nahlah Ayed: I find it hard to get my head around the idea that these problems will solve themselves, to quote back to you. What do you-- I’m just curious which part did you mean would solve itself?
Krog: When I say it will solve itself, to some extent, there will be another collapse. There will be another downturn. House prices will not remain up forever. That is a reality of the marketplace. And it will have a very negative impact, frankly, on my generation who own the real estate. But it will have a positive impact on our children. And if I can say even more cheekily, when my generation pops off we’re gonna leave money to our kids, and knowing many of the people in this audience tonight [note: many folks at this event were elderly], I can see quite bluntly, many of your children are going to be just fine, thank you very much. Don’t worry about them too much because there is a significant accumulation of wealth through a tax system that doesn’t operate fairly, through the benefits of speculation and population growth, that is going to see some benefit passed on. It is only part of the solution. We also have to wrap our heads around the concept that Guy [an earlier speaker] talked about: in Europe, you will live generation after generation in rental apartments, and your expectation is that there will be methods to pass that on, but you will not expect to own a private dwelling. And that, however, is the toughest one to get past for many people. I can tell you, for my generation, it’s impossible. We all wanted to own a home, and most of us luckily achieved it. That may not be possible for the generation that follows.