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Trudeau says housing needs to retain its value
(www.theglobeandmail.com)
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this post was submitted on 29 May 2024
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Yeah, I do think the assisted living industry would be forced to adjust though. It's not like the real estate market in general, if the majority of their potential buyers simply don't have enough money it's not like they can pivot to other demographics or attract wealthy people from outside the country.
If things aren't corrected, it won't be long before a whole generation of new seniors is cash poor with no house to sell.