The housing crisis is now global. It shows just how undemocratic our nations have become | Leilani Farha

When we can’t even afford to rent or buy somewhere to live, we have to ask: did we give the financial sector too much power?

• Leilani Farha is the former UN special rapporteur on adequate housing

In the summer of 2021, I visited a homeless community in a park in Toronto, Canada, and spoke to one of the residents. He was living in a tent in the shadow of brand new skyscrapers, and had been homeless for about five years. At one point he swivelled around, pointed up at a crane on the skyline, and said: “Who are they building those for? Definitely not for me.”

He was right. And he captured something experienced by ordinary people around the world: the growing conviction that the housing system is no longer tethered to their needs. What he was pointing at is not just a housing crisis. It is a crisis of democracy.

Leilani Farha is the 2026 CBC Massey lecturer. This piece is based on her new book: Housing Inc.: A Global Takeover and Our Fight for Home. She is the former UN special rapporteur on adequate housing and the global director of the international human rights organisation, The Shift