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>Well, what could his parents afford when they were his age? [Article is from 2019, before Trudeau boosted the Immigration numbers to astronomical numbers] "In
by tharmas 2y ago
>Well, what could his parents afford when they were his age?
[Article is from 2019, before Trudeau boosted the Immigration numbers to astronomical numbers] "In 1971, those in the top 20 per cent by income had a home-ownership rate approximately 10 per cent higher than those in the bottom fifth. This difference has grown severalfold in the ensuing decades. Millennials are entering home ownership in small numbers and later than their forebears: 50 per cent of millennials own a home today compared with 55 per cent of people their age in 1981."
https://thetyee.ca/Analysis/2019/08/01/Gov-Created-Housing-Crisis-Now-Fix/ https://thetyee.ca/Analysis/2019/08/01/Gov-Created-Housing-C...
The housing situation in Canada (not just Toronto and Vancouver) is on a scale unlike any other developed country.
- ethbr1 2y ago> The housing situation in Canada (not just Toronto and Vancouver) is on a scale unlike any other developed country. Australia? https://www.bbc.com/news/world-australia-67723760 https://www.bbc.com/news/world-australia-67723760 Maybe it's a thing with British colonies...
- red-iron-pine 2y agomore like inhabitable wastelands where much of the land can't support large quantities of people, which leads to a handful of large cities without much space. I've worked outside in both places, -40C and +40C. there is a reason most of the population is in a few expensive places.