The dream of home ownership is alive, but not well. According to a recent Abacus poll, nearly nine in 10 young Canadians, those aged 18 to 29, aspire to own a home – but a similar share worry about the current state of housing in Canada.
Of course, those worries are justified. According to our new study, in 2023 (the latest year of comparable data), typical homes on the market were unaffordable for families earning the local median income in every major Canadian city. It’s not just Vancouver and Toronto – housing affordability has eroded nationwide.
I trust our Corporate Titans to lead us out of this morass. Therefore the answer must include importing additional cheap foreign labour in their millions.
