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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[–] psvrh@lemmy.ca 5 points 1 year ago

So...

I'm supposed to save money--that I can't save because rents are through the fucking roof--in an account that will probably lose money thanks to inflation.

Yeah, just say it: "We're avoiding dealing with the problem but want to a) look like we're doing something, and b) put the blame on the people trying to save for a home, instead of the investor class' rampant speculation".