Many residents have been priced out of Canada’s housing market, but for a large number of Canadians, their house is a vital asset for retirement and passing on wealth

In case anyone still wants to somehow debate whether the Liberals will deliver affordable housing.

“Housing needs to retain its value,” Mr. Trudeau told The Globe and Mail’s City Space podcast. “It’s a huge part of people’s potential for retirement and future nest egg.”

  • Rob Bos
    19·
    6 months ago

    The place next door just got rebuilt as a fourplex, each unit of which is going for 1.6 million dollars. The mortgage would be $8k/month. I and my partner have no kids, no car, and both have solid incomes in union jobs. Our current rent is a hair under $1k/mo because we’ve been in this place awhile.

    That mortgage plus taxes, utilities, would still be almost all our income. It’s ridiculous.