Canadian real estate prices have surged in almost every market, with a typical home price doubling in many regions. A median household in major cities like Toronto and Vancouver would need to save over 20 years for just the down payment, more than 3x the historic average. Seems absurd? The outlandish scenario was apparently a […]
Canadian real estate prices have surged in almost every market, with a typical home price doubling in many regions. A median household in major cities like Toronto and Vancouver would need to save over 20 years for just the down payment, more than 3x the historic average. Seems absurd? The outlandish scenario was apparently a […]
Since LTC was privatized, the cost of care has skyrocketed, and the LTC industry and it’s hangers-on are salivating at the idea of soaking Boomers for every cent their house equity is worth.
This isn’t poetic license on my part, either. I’ve been in board meetings with executives who say exactly this: their five- and ten-year plans amount to “suck the Boomers dry”. The former premier of Ontario, for example…
Trudeau and his government are just the latest in a long line of neoliberal tools that started with Mulroney: killing unions, watching as companies’ pension funds were underfunded, destroying bonds as a viable savings mechanism, allowing the stock market to become a lottery of quarterly price-inflation: all of it because the market values next quarter over next-quarter century, and each government was convinced that somehow, some way, it’d all work out, or at least that by the time it crashes they’ll be out.
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Since LTC was privatized, the cost of care has skyrocketed, and the LTC industry and it’s hangers-on are salivating at the idea of soaking Boomers for every cent their house equity is worth.
This isn’t poetic license on my part, either. I’ve been in board meetings with executives who say exactly this: their five- and ten-year plans amount to “suck the Boomers dry”. The former premier of Ontario, for example…
Trudeau and his government are just the latest in a long line of neoliberal tools that started with Mulroney: killing unions, watching as companies’ pension funds were underfunded, destroying bonds as a viable savings mechanism, allowing the stock market to become a lottery of quarterly price-inflation: all of it because the market values next quarter over next-quarter century, and each government was convinced that somehow, some way, it’d all work out, or at least that by the time it crashes they’ll be out.