Quote:
Originally Posted by shreddog
THANK YOU NITE!!!!
You have absolutely proven beyond a shadow of a doubt, that we are indeed living in the best of times in Canada.
Canadians - Young Canadians especially! - have never had it so good. With their wages sky rocketing, Millenials and GenZ's will be able to enjoy a standard of living far above anything their parents could have ever imagined!!
Again, thank you for finding, and posting, all these stats. Obviously if we didn't have you telling us how good things are, we might ( just might mind you) have thought that things weren't all that rosy!
And of course, these good, no, great! times are all courtesy of our canny PM who has managed our economy with a laser focus on success for all, especially the next generation!!!  |
I think this really highlights the tale of two Canadas.
The HCOL cities (primarily focused in southern Ontario and BC), where your point is absolutely correct. It is pure despair for the under 30s. Wages are suppressed, and housing costs are a chain that will weigh on their necks for their entire lives. Even those with good jobs are limited in purchasing property far above what they can reasonably afford, or at a lower quality than is reasonable.
The LCOL cities (Winnipeg, Regina, Saskatoon, Edmonton, Quebec City) are pretty much gravy. Good to great wages combined with low housing costs opens up a lot of doors and reduces stress life-long. A large house for 1-2x household income is common. I know several people in their late 30s who are mortgage free. Housing stress is only present for those making minimum wage. Abundant travel and early retirement are common.
This truth has been present for 30 years, but has been really divided in the last 10. The quality of life difference between a university-educated 30 year old in Toronto vs. Winnipeg is so stark that it's hard to even identify them as being the same demographic.
The rise of the MCOL cities (Calgary, Montreal, even Ottawa now) is the new paradigm. You don't have the chain of Toronto around your neck, but you don't have the financial freedom those cities had pre-pandemic.
I do find it interesting that the regions that hate Trudeau the most are the ones that have been bypassed by the housing crisis, where the regions the Liberals do strongest in are the most damaged by their housing policies.