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submitted 5 months ago by lautan@lemmy.ca to c/canada@lemmy.ca

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 [โ€ฆ]

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[-] CanadaPlus@lemmy.sdf.org 1 points 5 months ago

He's primarily after the youth vote. I'm not sure which "devils" you mean exactly, but young people don't usually own a home.

[-] psvrh@lemmy.ca 2 points 5 months ago

By "devils" he means property investors, bankers and in general the kinds of people that donate to parties and give board seats and reciprocal business arrangements to politicians.

[-] CanadaPlus@lemmy.sdf.org 2 points 5 months ago* (last edited 5 months ago)

It could be, but this benefits all homeowners, and ordinary ones make up the most politically important block, which is why I'm unclear. OP could mean anything from all homeowners (the edgey take) to just the billionaire ones.

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

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