The Missing Middle Podcast

In this episode of Classonomics, host Mike Moffatt sits down with financial advice guru David Chilton, author of the Canadian classic The Wealthy Barber and former co-host of Dragon's Den. Decades after his original bestseller offered foundational advice to young Canadians, Chilton reflects on how drastically the economic landscape has shifted, and why writing his updated edition proved far more challenging.

The conversation dives deep into the realities facing young adults today, from ubiquitous credit and skyrocketing housing costs to the inflation rates hit hardest by major life stages. Chilton and Moffatt dissect the underlying factors behind housing unaffordability, such as stubborn land costs and municipal development fees, while addressing the growing "brain drain" of talent moving away from expensive urban centers. They also evaluate whether renting and investing the difference in broad-market, low-cost ETFs can outperform traditional homeownership, the dangers of online sports gambling among young men, and how older generations truly feel about housing value trade-offs.

Finally, Chilton shares actionable, practical guidance tailored for three groups: policy recommendations for economic productivity, non-financial advice on staying optimistic for recent graduates, and smart pre-retirement steps for mid-career professionals.

Chapters:

Pop up video around 8:55 - mcmansions ep https://youtu.be/doxJHEqiuV0?si=kIU6rVuB_fsCGNaZ

Research links:

The Wealthy Barber 2025 Indigo Exclusive: The Fully Updated All-Time Canadian Classic
https://www.indigo.ca/products/the-wealthy-barber-2025-indigo-exclusive

The Wealthy Barber
https://en.wikipedia.org/wiki/The_Wealthy_Barber
https://thewealthybarber.com/

Steve Saretsky: Canadian Real Estate—CRAZY Times Have Led to CRAZY Times | TWB Podcast #26
https://youtu.be/C_KaFwUPvkM

Why Developers Only Seem to Build McMansions
https://youtu.be/doxJHEqiuV0?si=nqMJgAb9jNlT4e4Y

Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
Edited by Sean Foreman and Canadian Civil

How did bike lanes become the ultimate political wedge issue?
In this episode of DemograFix, Cara Stern sits down with Tom Babin, urban cycling advocate and creator of the YouTube channel Shifter, to break down the growing "bike-lash" across Canada and the U.S. From provincial overrides in Ontario and Alberta to the culture wars dividing suburban drivers and downtown commuters, we explore why bike infrastructure generates such intense debate.
We dive into the math behind induced demand, the reality of winter cycling, why "road diets" actually work, and how cities can design better, safer streets for everyone.

Chapters:
00:00:00 The Bike Lane Culture War
00:03:10 Bike Lanes & Politics: Evidence vs. Fact
00:05:03 How Amalgamation Ruined Everything
00:06:29 Do Anti-Bike Policies Actually Win Votes?
00:08:11 Why Biking Belongs on Both Sides of Politics
00:09:22 Debunking the "Empty Bike Lane" Myth
00:11:03 Why Pro-Bike Campaigns Are Failing in Suburbs
00:12:48 Ravine Trails vs. Real Urban Mobility
00:14:27 Do Winter Bike Lanes Actually Work?
00:15:54 The "One More Lane" Traffic Fallacy
00:17:47 Why Canadian Cities Build Bad Infrastructure
00:19:50 The "Road Diet" Fix

Research/links:
Ontario just made a ruling that could inform bike lane removal cases across Canada
Removing bike lanes will cost at least $48M: city staff report
Government of Alberta: Report concerns about bike lanes
Edmonton council approves $100M for bike infrastructure across city
Washington State’s new bicycle “Safety Stop” law allows people biking to treat stops signs as yield signs with some exceptions.
Guest Tom Babin's official urban cycling and commuting YouTube channel

Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
Edited by Sean Foreman and Canadian Civil

This week, Prime Minister Mark Carney will address the European Parliament in an effort to "create greater certainty, security, and prosperity for our peoples." Meanwhile, the Wall Street Journal reports that Canada is seeking to become an "Associate Member" of the European Union. In our Answer Period livestream, Sabrina Maddeaux and Mike Moffatt will be talking about the benefits and drawbacks of a closer association with the European Union, what an associate membership could look like, and take viewer questions.
Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
Edited by Sean Foreman and Canadian Civil

Why is Canadian housing so expensive and why are we getting so little for our money? In this episode of the Missing Middle Podcast, Mike Moffatt talks with Adam Mongrain of More and Better Housing about how Canada can build more affordable, better-quality homes while also tackling climate change and housing affordability.

They dig into why Canada struggles to build the “missing middle” housing that exists in cities around the world, and how zoning rules, building codes, construction costs and a lack of standardization are making it harder and more expensive to build the homes Canadians actually want. Adam explains why legalizing density isn’t about deregulation, how European-style housing could help lower costs, why Canadian elevators can cost four times as much as comparable ones in Switzerland, and how modern construction methods could transform the housing market.

They also discuss climate-resilient housing, the need for millions more social and not-for-profit homes, and the five “game changers” that More and Better Housing believes could help Canada build more and build better.

Chapters:
00:00 — Why Is Missing Middle Housing Missing?
02:27 — What Does “More and Better Housing” Mean?
04:51 — Can Better Housing Also Be More Affordable?
07:43 — Why New Housing Isn’t Worth the Price
11:23 — What Does “Legalizing Density” Actually Mean?
15:37 — How Building Codes Drive Up Housing Costs
19:14 — Why Factory-Built Housing Needs New Standards
21:57 — Building Housing for a Changing Climate
23:27 — Can Canada Afford Millions of Nonprofit Homes?

Research/links:
More and Better Housing Canada website: https://www.moreandbetterhousing.ca/ 
This is how we could fix a problem Canada has been overlooking for decadeshttps://www.thestar.com/opinion/contributors/this-is-how-we-could-fix-a-problem-canada-has-been-overlooking-for-decades/article_6970b764-8d33-4d7d-87d6-be8efea8038c.html 
Blueprint for More and Better Housing: https://housingandclimate.ca/blueprint/
Four Pathways to Housing Affordability report: https://housingandclimate.ca/2024/11/19/fourpathways/

Credits
Mike Moffatt https://twitter.com/MikePMoffatt
https://bsky.app/profile/mikepmoffatt.bsky.social
Sabrina Maddeaux https://x.com/SabrinaMaddeaux
Meredith Martin  https://twitter.com/meredithmartin
https://bsky.app/profile/meredithmartin.bsky.social
Sean Foreman @seanegertonforeman
https://bsky.app/profile/seanforeman.bsky.social
Cara Stern https://x.com/carastern
https://bsky.app/profile/carastern.bsky.social
University Of Ottawa Co-op Student:
Kelly Hoban

Funded by the Neptis Foundation https://neptis.org/
Brought to you by the Missing Middle Initiative https://www.missingmiddleinitiative.ca/

Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
Edited by Sean Foreman and Canadian Civil

Are Canadian elections actually fair if 7 million citizens are completely excluded from the process?
In this episode of The Missing Middle, Cara Stern and Mike Moffatt unpack the hidden flaw in Canada’s electoral system: the complete disenfranchisement of children and young people. As Canada’s population ages, politicians are incentivized to cater to older voters while ignoring the long-term economic interests of younger generations.
We explore a radical yet historical solution: proxy voting. 
What if parents could cast ballots on behalf of their children? Could giving every citizen a voice from birth fix our policy incentives? And is it an impossible reform? 

Chapters:
00:00 - Should Children Have a Vote in Canada?
03:34 - How Demographic Voting Shapes Economic Policy
05:48 - The Issue With Relying on Youth Voter Turnout to Solve Things
08:13 - What Is Proxy Voting for Parents?
10:22 - Would Proxy Voting Lead to Family-Friendly Policy?
12:17 - Can We Trust Parents to Vote in Their Child's Interest?
14:49 - Early Civic Engagement and Primary Caregiver Voting Rules
17:52 - Is Electoral Reform Truly Realistic in Canada?
22:52 - Why Power Disincentivizes Democratic Change 

Research/Links:
Vlandas study: https://muse.jhu.edu/article/980470 

Tobi Lutke’s idea that pensioners be excluded from voting is offensive. The concern behind it isn’t
https://www.theglobeandmail.com/investing/article-tobi-lutke-shopify-tech-pensioners-vote/

How to give children the vote
https://milescorak.com/2012/04/20/how-to-give-children-the-vote/?utm_source=chatgpt.com

Citizenship as a privilege or as a right: should children be given the vote?
https://milescorak.com/2013/03/28/citizenship-as-a-privilege-or-as-a-right-should-children-be-given-the-vote/?utm_source=chatgpt.com

Should Children be Given the Vote?: Miles Corak at TEDxWaterloo 2013
https://youtu.be/anYFFlOtZKo?si=PYrUE7U_0RFuK2-y

Should children vote? I argue that there are reasonable ways to give children the vote in an interview with CBC radio
https://milescorak.com/2014/12/14/should-children-vote-i-argue-that-there-are-reasonable-ways-to-give-children-the-vote-in-an-interview-with-cbc-radio/?utm_source=chatgpt.com

Why we should give children the vote
⁠https://www.theglobeandmail.com/report-on-business/economy/economy-lab/why-we-should-give-children-the-vote/article4101391/

Do Husbands and Wives Pool Their Resources? Evidence from the United Kingdom Child Benefit
https://www.jstor.org/stable/146179?origin=crossref&seq=1

Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux
Produced by Meredith Martin
Edited by Sean Foreman and Canadian Civil