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.”
Housing prices become high when there is a scarcity of houses in job markets. This means you will have a shortage of labour in those markets because people can’t afford to be there
And if you have a house + are paid well that is still bad for you because there will be less in your area for you
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High housing prices are bad for the economy
Housing prices become high when there is a scarcity of houses in job markets. This means you will have a shortage of labour in those markets because people can’t afford to be there
And if you have a house + are paid well that is still bad for you because there will be less in your area for you