Trudeau Takes First Step To Break Canada’s Addiction To Rising Home Prices
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Originally published in The Globe & Mail on September 22, 2023 “One of the things we know is that house pricing cannot continue to go up.” So said the Prime Minister at a recent press conference in London, Ont. His assertion is a game-changer for the personal finances of younger residents and newcomers of any age. At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.
Trudeau Takes First Step To Break Canada’s Addiction To Rising Home Prices
Trudeau Takes First Step To Break Canada’s…
Trudeau Takes First Step To Break Canada’s Addiction To Rising Home Prices
Originally published in The Globe & Mail on September 22, 2023 “One of the things we know is that house pricing cannot continue to go up.” So said the Prime Minister at a recent press conference in London, Ont. His assertion is a game-changer for the personal finances of younger residents and newcomers of any age. At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.