Many residents have been priced out of Canada’s housing market, but for a large number of Canadians, their house is a vital asset for retirement and passing on wealth

In case anyone still wants to somehow debate whether the Liberals will deliver affordable housing.

“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.”

  • SamuelRJankis@lemmy.worldOPEnglish
    3·
    6 months ago

    then find they can’t afford to live anywhere in retirement.

    I think the plausible circumstance is them selling and moving out of Canada, really it’s the logical thing to do when you destroy the eco system you inhabit for gains. Then the money also gets spent out of Canada, we might spend less on healthcare cost for the elderly but I could see the math working out to be a net loss.

      • jadero@lemmy.ca
        6·
        6 months ago

        Or moving to SK

        Same thing. (Or was that the joke?)

        Lifelong SK resident.

      • SamuelRJankis@lemmy.worldOPEnglish
        2·
        6 months ago

        The countries people like going to is Mexico, Costa Rica, Portugal, Vietnam, Thailand off the top of my head. They’re pretty happy to take retirees with money.