RE: Buying a home is out of reach for many, and there’s no clear reason why, Aug. 1
Yes, the cost of home ownership is not the fault of any one Canadian government. But U.S. President Joe Biden recently promised no tax hikes for those earning less than $400,000 - middle class.
Yet Canadian resources have always sold for peanuts, and 30 years of wages increases have been abysmal.1-1 ½ baths, no garage, two adults and four kids shared bedrooms. Or, six people at 179 square feet per person.
In 2024 (millennial) homes average 2074 sq. ft. with garage, two adults, 1-2 kids, maybe lots of driveway. Or four people at 519 square feet per person. For some, a 3500-square-foot is even better.
An American dollar costs C$1.39. But business says temporary foreign workers are necessary because they can’t afford wage demands. Our students go unemployed.
Monopolies are responsible for poor Canadian revenue, TFWs, wage stagnation.
Home ownership is out of the question. Until we, Canadians, make that change.
Jan Manning, Prince George
