Canada's Big Six banks are adding billions of dollars to their emergency funds as mortgage renewals approach for more than three quarters of homeowners. Andr...
I think the generational angle is substantially over stated. Sure on a average the older generation is much more likely to own but there plenty that’s getting hit real hard with the inflation brought on by housing prices.
It’s much more accurate to frame it as the government sacrificing the have nots for the haves. In which case there’s no waiting it out as long as a substantial part of Canadian is convinced high housing prices is a good thing.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !canada@lemmy.ca
Politicians will literally bankrupt a generation before
going to therapybuilding affordable housing.I think the generational angle is substantially over stated. Sure on a average the older generation is much more likely to own but there plenty that’s getting hit real hard with the inflation brought on by housing prices.
It’s much more accurate to frame it as the government sacrificing the have nots for the haves. In which case there’s no waiting it out as long as a substantial part of Canadian is convinced high housing prices is a good thing.
Before curbing commercial investment, price speculation, or otherwise interfering with the hen that lays the golden eggs.