this post was submitted on 11 Aug 2023
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Deputy Prime Minister Chrystia Freeland says the uptake of a new savings account for first-time homebuyers is exceeding expectation, though she acknowledged the limits of what it can do to address affordability.

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[–] PartOfTheProcess@lemmy.ca 3 points 1 year ago (1 children)

I came to Canada 13 years ago, and while I make more money here than I ever did in the States, it'll still never be enough to buy a place. Honestly though, the idea of owning a house and being responsible for its maintenance and upkeep is utterly repellent to me. I'd rather rent forever and have all that nonsense be someone else's problem. I ain't got the time or patience for it.

[–] ram@lemmy.ca 4 points 1 year ago

Issue is that housing prices also affect renters as landlords will insist on making a return on their "investment" sooner rather than later.

We need to bomb the real estate market.