As the average price of a Canadian house hit $668,754 in July, up by more than 6% in past year, homeowners and renters across the country are feeling the squeeze. Canadians, particularly millennials and gen Z, widely report a belief that their earning will never catch up to home prices that have been skyrocketing for decades.

  • ImplyingImplications
    3·
    1 year ago

    Bear in mind, we don’t want to build so much that the boomers who’ve enjoyed record equity gains in their homes lose any money – they would surely revolt at the ballot box, and as we all know, old people are the only ones who vote. Also, it’s true that most of the homes built will be profitable McMansions in sprawling suburbs that will be snapped up by wealthy speculator, or just outright corrupt manipulation of the real estate market like in Premier Doug Ford’s Greenbelt land giveaway. But in the end, building new homes sounds like progress, and that’s probably the best we can home for!

    Lol Beaverton knocks it out of the park with this article