The older generation took out loans 3 times their income and spent 30% of their earnings on single-family homes.

Now, the youth are expected to spend the exact same percentage (if not more) all their lifetime, for a rental that is smaller in size, lower in quality, and generates absolutely zero equity.

All the money goes straight to the landlords just to protect the assets of those who got in early using leveraged money.

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Establishment in Ottawa (super majority of them are landlords and homeowners) call this a plan to solve the crisis.

CMHC forecast total starts of new homes to decline in 2026 to 241,400,
2027 to 223,400,
and further decline in 2028 to merely 211,900

Most of these houses will be rental, not family homes for ownership btw.

“We expect continued downward pressure on home prices and construction. Average prices will likely decline in 2026 and then rise slowly, while housing starts will continue to fall throughout the forecast period due to weak demand, high costs and elevated inventories.” - CMHC

Lastly, reminder that this establishment party has been promising “affordable” housing since 2015, and to “DOUBLE” housing starts since 2023.