Young people paying 'astronomically living expenses': insolvency trustee - BNN Bloomberg
www.bnnbloomberg.caFollowing reports that younger Canadians are willing to make sacrifices to own a home, insolvency trustees say many should consider renting instead.
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Many of our MPs are landlords themselves, which may influence how… reactive they are to the issue https://www.landlordmps.ca/data-analysis
Our economy is over-reliant on housing as an investment in general, so getting people to do anything about it is hard to begin with https://www.oecd.org/housing/policy-toolkit/country-snapshots/housing-policy-canada.pdf
It’s not looking good. We’re in so deep already. A lot of people will lose their homes either way.
This is why I avoid REITs and housing investment like the plague. It’s a house of cards.