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Canadian Home Prices "Need" To Be High To Pay For Retirements: PM - Better Dwelling (betterdwelling.com)
submitted 5 months ago by lautan@lemmy.ca to c/canada@lemmy.ca
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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 [โ€ฆ]

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[-] CanadaPlus@lemmy.sdf.org 2 points 5 months ago* (last edited 5 months ago)

It could be, but this benefits all homeowners, and ordinary ones make up the most politically important block, which is why I'm unclear. OP could mean anything from all homeowners (the edgey take) to just the billionaire ones.

this post was submitted on 30 May 2024
66 points (100.0% liked)

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