Homeownership is viewed by many in Canada as a milestone and a major step on the path toward setting oneself up financially for retirement.
But breaking into the housing market remains elusive for many Canadians.
In recent polling done exclusively for Global News, around 72 per cent of non-owners said they’ve “given up” on ever being able to own a home.
Meanwhile, 80 per cent said homeownership is now a privilege reserved for the rich.
Anne Gaviola has more on whether renters can set themselves up for financial success in the long run.
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The level of mutual respect and support among us is truly heartening, demonstrating the power of sisterhood and solidarity.?
Normalize ?ctíve tenant unions and worker and???co-ops. Preserve and expand our??democracy. Workers make this country run, workers should run this country?.???
Canada is becoming unreasonable for renters its a safe heaven for illegal money and investors and the pay is not matching the rent
Are you willing to live outside major metropolitan cities? If not, then good luck finding a place.
Renters have a poorpose for a reason.
Option B is to be trapped and unable to move. My current rent goes from $1040 to around $1625 + hydro, if I leave and return to my own apartment. This is for a side move to another 60s/70s old apartment building, no upgrades.
Step 1, Leave Canada
Canada cannot afford to turn away foreign money which has been jacking up real estate prices in high population growth cities. Government red tape and cell phone tapping workers make home construction slow and expensive. Property owner love to see their homes double, triple and keep going up in price. Wages and salaries continue to lag behind. Younger generations face the blues.
Blame Liberals and NDP causing this housing hell.
soon it will be… renting a room is only for the rich if we keep on this trajectory
Simple. MOVE out of Canada.
i have a big house empty basement apt, i wont rent, fuuuuuu