A few sacrifices
Jun 18, 2021
Advice on housing for younger generations:
After Core Development Group announced plans to buy a billion dollars worth of Canadian homes and convert them into rental units, financial advisers are telling millennials in the housing market to stop wasting their money on life’s little pleasures and start forming their own ghoulish conglomerates.
We get a few precious options:
“I don’t want to imply that spearheading a sleazy corporate land grab is the only path to homeownership,” Knapp said. “Prospective buyers could also win the lottery, discover buried pirate treasure, or poison a homeowner in the family. And stop eating avocado toast, of course.”
At press time, housing prices were up another 21%.
Today, they're up another 18%.
Okay, seriously:
Canadians are piling on debt to purchase property at the fastest pace in more than a decade amid a pandemic-driven housing boom.
In early 2020, I would have bet that housing prices would have decreased in Canada. So, the following is definitely shocking:
The average sale price for a home in Canada has surged 38% to C$688,208 over the past year, according to data from the Canadian Real Estate Association.
Plus, oil is up 50%. It has been a horrendous eighteen months for the average person.
Comments