gensqueeze.bsky.social
A think and change tank promoting wellbeing for all generations and championing generational fairness to preserve what Canadians hold sacred—a healthy childhood, home and planet. Non-Governmental & Nonprofit Organization, Canada. linktr.ee/gensqueeze
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We've been saying this for a LONG TIME!!!! The hope that home values can keep climbing while affordability improves may be comforting, but it’s a mathematical impossibility. Canada needs a clear goal for home prices. www.gensqueeze.ca/carneys_hous...
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There are solutions. Politics responds to those who organize and show up! Let's be loud! Want more insight/data/ideas on how to take action? Join us! www.gensqueeze.ca/globe_mail_i...
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It's time to face a hard truth: Canada's housing system no longer rewards hard work the way it did for previous generations. It is leaving entire generations to count on inheritance over hard work. (14/15)
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We're calling for politicians to confront a difficult question: What's your goal for home prices? Rise, stall or fall? (13/15)
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There is a growing divide between young Canadian owners and their peers who are renters. (12/15)
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Have you heard of the term "landed aristocracy"? Do you think Canada is beginning to fit the definition? (11/15)
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Good news for some.....yet deeply troubling for society as a whole (10/15)
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Data on wealth and age suggests that some older owners may have used their housing wealth gains to help younger family members enter the market. (9/15)
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The skyrocketing cost of housing over the past few years offers us a clue...(8/15)
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What's more shocking? The % of these young Canadians with NO mortgage: 18%
WHAT IS GOING ON???? (7/15)
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This is the highest home ownership level among Canadians under 35 years old in FIVE decades!!! (6/10)
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In 1977, 41% of Canadians under 35 owned a home (an average cost of $253,000 in today’s dollars. By 2019, home ownership for young Canadians had dropped to 36%. The average home (now more often a condo) cost $598,000. In 2023 home ownership among Canadians under age 35 jumped to 44%. (5/15)
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Canadian unemployment rates over time also show small changes. But things shift in a BIG WAY when it comes to housing...(4/15)
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The concern doesn’t show up in income data. In 1976, when most boomers were young adults, the median full-time earnings for 20-24-year-olds was $43,800 in today’s dollars. The contemporary figure is slightly lower at $41,400. For 25- to 34-year-olds it was $64,400 in 1976 and $62,500 today. (3/15)
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On the surface an increase in home ownership among younger generations sounds like good news but is Canada drifting from a meritocracy toward a landed aristocracy? (2/15)
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The Report Card grades against the 140 policy recommendations by the Task Force for Housing & Climate (2024):
Legalizing density
Improving building codes
Scaling up factory-built housing
Avoiding development in high-risk areas
Expanding non-market housing
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That's right. Our retirement support system here in Canada is outdated. It was developed in the 1950s to support seniors living in poverty but today an individual with $90,000 of annual income still gets full benefits. For a retired couple making $180,000/year that amount is $18,000. We need change!
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How to pay for it? How about modernizing the biggest line item in the federal budget: Old Age Security? Are Canadians aware that a retired couple with combined income of $180K still receives an annual $18,000 OAS benefit? action.gensqueeze.ca/fix_oas
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Same situation here in Canada. We haven't seen any evidence that the ambitious promises made during the most recent federal election campaign are in line with what's possible.
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Yes. It would save $36 billion over 5 years! Eliminating poverty for all 400,000 seniors in Canada would only cost $16 billion. That would leave lots of money left over to help young people.
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Thanks for your support Marc! We too believe the OAS clawback should be modernized. If we asked the wealthiest seniors (those making $100K+/year) to accept lower payments we could totally eliminate all seniors' poverty! Other Canadian retirees agree too! youtu.be/7xtt4EXKjQ4