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In a recent Globe and Mail podcast, Prime Minister Justin Trudeau said the quiet part out loud when he said, “Housing needs to retain its value. It’s a huge part of people’s potential for retirement and future nest egg.”
He also confirms that today’s young home buyers can’t afford a home the way home buyers a generation ago could because the math and housing system are fundamentally different today.
In this week's episode, I unpack the problems with our Prime Minister’s vision for housing affordability in Canada and why today’s housing system puts the interests of wealthier households ahead of young first-time buyers.
