this post was submitted on 11 Aug 2023
21 points (95.7% liked)

Canada

9935 readers
360 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS
 

Deputy Prime Minister Chrystia Freeland says the uptake of a new savings account for first-time homebuyers is exceeding expectation, though she acknowledged the limits of what it can do to address affordability.

top 3 comments
sorted by: hot top controversial new old
[–] psvrh@lemmy.ca 5 points 2 years ago

So...

I'm supposed to save money--that I can't save because rents are through the fucking roof--in an account that will probably lose money thanks to inflation.

Yeah, just say it: "We're avoiding dealing with the problem but want to a) look like we're doing something, and b) put the blame on the people trying to save for a home, instead of the investor class' rampant speculation".

[–] PartOfTheProcess@lemmy.ca 3 points 2 years ago (1 children)

I came to Canada 13 years ago, and while I make more money here than I ever did in the States, it'll still never be enough to buy a place. Honestly though, the idea of owning a house and being responsible for its maintenance and upkeep is utterly repellent to me. I'd rather rent forever and have all that nonsense be someone else's problem. I ain't got the time or patience for it.

[–] ram@lemmy.ca 3 points 2 years ago

Issue is that housing prices also affect renters as landlords will insist on making a return on their "investment" sooner rather than later.

We need to bomb the real estate market.