well fucking DUH
Canada is facing a number of destabilizing forces — like climate change, disinformation, and young adults never owning a home. That’s the take from an internal RCMP report called the Whole-Of-Government Five-Year Trends For Canada. The report is a “scanning exercise” on evolving risks for law enforcement to monitor. It puts the fact that many people under 35 will never own a home, on par with disinformation and climate change.
Police Worry Canada May Be Destabilized If Young People Realize They Won’t Own A Home
One of the concerns law enforcement is warning about is the impact of eroding economic conditions. Especially when it comes to young adults.
“The coming period of recession will also accelerate the decline in living standards that the younger generations have already witnessed compared to earlier generations,” reads the report.
Canada may have seen a pandemic economic boom, but it was largely related to rapidly appreciating real estate. Unfortunately, that doesn’t apply to young adults who saw housing get further out of reach.
“For example, many Canadians under 35 are unlikely to ever buy a place to live. The fallout from this decline in living standards will be exacerbated by the difference between the extremes of wealth, which is greater now in developed countries than it has been at any time in several generations,” warns the RCMP.
Wealth disparity is bad enough, but what happens when that wealth disparity is driven by shelter disparity? It’s a problem not typically seen in advanced economies at scale.
The writing is really on the wall now. And yet, the working class sleeps…
It’s really funny that a country with as much timber and land as Canada is going to let it’s whole economy get devoured by housing shortages.
that’s Capitalism for you.
F tier economic system
The vast majority of the population lives within 100 miles of the US border.
It’s bloody cold up there.
Source: self (who has visited many times) and all my mums family who live in Canada.
Also, Canada has become something of a US vassal state. As much as the general population may complain about Americans (and they do) their politics has become a fun house mirror image of the US. They’re neo-liberaling just as hard, if not harder than us. The only real difference is, some guy managed to get universal health care passed in the 50s, or they’d frankly be much worse off than they are now.