Douglas Todd: With almost one in three homes owned by investors, the market is so distorted that politician's vow to 'build, baby, build' rings hollow. There are other ways.

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This week three of four Canadians declared they have no confidence in Prime Minister Mark Carney’s ideas for solving the country’s housing affordability crisis.

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Like most premiers and mayors, Carney is promising to “build, baby, build” to stimulate a record amount of housing construction. But Angus Reid Institute polling suggests the public is more than skeptical, perhaps in despair.

While voters understandably get lost in the complexities of solving a house-price catastrophe that sees average prices at a ridiculous $1.2 million in Greater Vancouver and  $1.1 million in Toronto, at least one veteran housing analyst is making a clear and devastating case that Canada’s dilemma is being significantly fanned by a wave of investors.

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John Pasalis, author of a new report titled