Quote:
Originally Posted by whatnext
Trudeau says housing needs to retain its value
RACHELLE YOUNGLAIREAL ESTATE REPORTER
PUBLISHED MAY 28, 2024
UPDATED MAY 29, 2024
Prime Minister Justin Trudeau says his government aims to make housing more affordable for younger Canadians without bringing down home prices for existing homeowners.
Cutting shelter costs while ensuring that homeowners’ property values remain high could be viewed as contradictory, but Mr. Trudeau was adamant that property owners would not lose out.
“Housing needs to retain its value,” Mr. Trudeau told The Globe and Mail’s City Space podcast. “It’s a huge part of people’s potential for retirement and future nest egg.”...
https://www.theglobeandmail.com/business/article-trudeau-house-prices-affordability/
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See? No mention of Boomers.
These days, there are more Millennials and Gen X owning their homes than Boomers. And far more have mortgages.
As Warren pointed out recently, Boomers are mostly retired, collecting their CPP and OAS. They can afford to lose some equity far more than Gen X or Millennials who are relying on the the value of their home not dropping, as it's a huge part of their potential for retirement and future nest egg.
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