Comments on: Double or Nothing? Most of Canada’s Real Estate Investors Are Boomers: Stat Can

By: Abraham

Abraham — Thu, 25 May 2023 13:02:42 +0000

Kate- you sound vaguely racist. It doesn’t matter which particular country or “origin” a person comes from.

What matters here is that we’re selling the country’s future on the altar of equity gains for current owners, and based on other recent stories, screwing over a lot of young immigrant students to do it.

Of course politicians won’t do anything… 60% of Canadians are homeowners who now have imaginary wealth as a result of this scam-like trend. The politicians thus can’t rock the boat or they’ll risk their own careers.

This pusillanimous attitude by them and homeowners will completely wreck our economy in the long run like crabs in a bucket pulling each other down, each hoping to be the sole one to get out.

By: Philippe

Philippe — Wed, 24 May 2023 16:35:25 +0000

In reply to Kate. Bot talking to a bot it seams

By: Sunnie

Sunnie — Wed, 24 May 2023 14:46:29 +0000

This is not a surprise. I am 60 and never owned property. For most of the time I could buy (ie last 30 years), prices have been escalating wildly. What hasn’t risen are interest rates. It is as if all forms of government. all stripes of government, have been holding a gun to your head to buy real estate. Since 2008, the savers of Canada have been punished. I have paid for other people’s mortgages. Why would anyone sell a property into an environment of zero interest rates???
PS I’m fine financially. I have a degree in engineering. As I chose not to have children, I watch the world burn, not with glee, but sadness. Anyone with half a brain could see this coming 30 years ago. Humans will not give anything up.

By: Kate is a bitch

Kate is a bitch — Wed, 24 May 2023 02:55:26 +0000

In reply to Kate. Well said, you should also leave the land to the First Nation

By: Andrea

Andrea — Wed, 24 May 2023 02:44:36 +0000

What does “your kinds” mean? Is this a racist comment?

By: Kate

Kate — Wed, 24 May 2023 00:56:31 +0000

In reply to Paul. I am not. Are you?

By: Paul

Paul — Tue, 23 May 2023 22:05:59 +0000

In reply to Kate. Are you a bot?

By: Bob

Bob — Tue, 23 May 2023 18:56:03 +0000

Boomers are born before 1965. Therefore boomers are 58+. Gen X 1965-1980. (43-58). Millenials 1980-1995 (28-43). GenZ 1995-2010 (13-28).

By: Kate

Kate — Tue, 23 May 2023 17:36:59 +0000

It is an other reason to do:
– Not to move here
– Take your kinds and move somewhere closer to your origins

By: Kells

Kells — Tue, 23 May 2023 17:27:23 +0000

I wonder how those 4% Under 35’s in Ontario can afford a home?