Buried in a recent publication by Canada’s Federal Housing Advocate is one of the bleakest housing forecasts in recent memory: Many middle-income Canadians may have to wait until 2060 before adequate housing will be affordable for what they earn.
While I hope we can restore affordability somewhat faster, this honesty about what is realistically achievable is striking. Millennials, Gen Z and even many of today’s elementary school children are being told that Canada’s housing system will remain stacked against them for decades.
Carney don’t care. He’s going to give his pals all the cheap 3rd world labour they want.
