Canada

This shouldn't be a surprise, but I'm glad we have the data to prove it.

Home prices have skyrocketed recently. Home owners whos earner is boomer-aged obviously bought long ago, and the housing prices have beaten investments in that time period (Assuming houses bough 30-40yrs ago). Anyone who rented and invested the difference is obviously not going to compete.

Additionally, given the insanity of the rental market, anyone under 35 who has enough income to afford the monthly payments on a house has purchased in the last few years, so those who are still renting are likely those at the bottom, unable to purchase a house, and their income is likely the lowest, exacerbating this issue.

I have yet to see anyone who can give me a good reason we don't have laws preventing:

• Corporate ownership of land zoned residential
• Increasing property tax rates for each additional residential property (ie any property not classified as primary residence). It still leaves loopholes (my wife lives at house A full time, I live at house B full time), but seems like an easier way to try and shore up the speculators.

Overall, the survey found the median net worth of Canadian households was $519,700, up 57 per cent from 2019 when it was last conducted.

How big can a bubble get if its being artificially inflated and supported by government and businesses?-