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Canadian Home Prices "Need" To Be High To Pay For Retirements: PM - Better Dwelling (betterdwelling.com)
submitted 4 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 […]

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[-] lautan@lemmy.ca 49 points 4 months ago

If you need to have a home to afford to retire;

And most young people will never own a home;

How do we expect this to play out?

[-] zipzoopaboop@lemmynsfw.com 15 points 4 months ago

Govment folks don't care. They'll be dead by then

[-] madscience@lemmy.world 2 points 4 months ago

That’s exactly the plan

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this post was submitted on 30 May 2024
63 points (90.9% liked)

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