#housing
is a major issue this
#elxn44
. How close do the party platforms get us to restoring affordability for all?
The punchline? No party is proposing enough.
Check out our full (and extremely detailed) analysis for how we got these scores👇 👇👇
"The median income for the cohort aged 25-34 has declined by 7% from 1976 to 2019. Let that sink in - the typical GenY&Z earns less than their parents did when they were the same age. And housing was affordable back then so the real decline in living standards is much steeper."
Canada is no place to dream anymore if you're young or recently arrived, but there's hope with millennials like
@StephenPunwasi
not accepting the status quo.
Today
@JustinTrudeau
promised to deliver greater
#generationalfairness
in budget 2024.
Never before has a gov been bold enough to organize their budget to respond to the problem that hard work isn’t paying off [today] like it did for previous generations.
#cdnpoli
@adwbto
🎙️The latest episode of
@GenSqueeze
's Hard Truths podcast features
@theJagmeetSingh
discussing generational unfairness. A must-listen for anyone interested in understanding the challenges facing younger and future Canadians. [1/5]
Bank of Mom and Dad jokes are demeaning to hard-working
#Millennials
and
#GenZ
and distract us from the real problem: generational unfairness has rigged the game of life against younger Canadians.
Latest from
@maxfawcett
: Poilievre "should be a warning sign to those of us who want to see real progress on the housing file...He’s attacking Eby, the premier doing the most on housing, and giving Ford a pass despite him doing the least."
@NatObserver
Today
@JustinTrudeau
@cafreeland
announced upcoming budget measures for renters. Perhaps more importantly, a historic recognition of the economic squeeze that is disproportionately affecting young Canadians due to poor planning by governments decades ago.
@adwbto
#cdnpoli
"The emphasis on increasing housing supply obscures an issue politicians are less likely to address. Namely, that we have become addicted to ever-rising home prices, largely because we've been conditioned to see our homes as financial assets."
Today
@cafreeland
did something historic: Acknowledged that Canada is not working for ALL generations. Recalibrating policies and budgets takes time after decades of poor planning but today we are hopeful that Canada's budget 2024 may just work for young and old alike!
@adwbto
We were in
#Ottawa
today to talk about our collective responsibility to put a price on pollution. Happy to be supported by
@vankayak
@juliedabrusin
and
@PatrickBWeiler
. The carbon tax is a clever distraction, not the root of our affordability crisis.
Comment today by
@JustinTrudeau
is a game changer: "One of the things we know is that house pricing cannot continue to go up".
Home owners have seen decades of escalating prices + big wealth windfalls. Time to turn attention to our children and grandkids.
@globalnews
coverage
Pricing pollution means being
#GoodAncestors
because "When we pollute, we are making a mess and if we don't help to clean it up now we are going to saddle our children with even greater burdens down the road."
@vankayak
@juliedabrusin
#cdnpolitics
Why is this public outrage and its unlimited media coverage so woefully misplaced?
@GaryMasonGlobe
masterfully puts the big picture together in his knock-out opinion piece:
"What about the poor multimillionaire homeowners?" /via
@globeandmail
#bcpoli
#yvr
Motion M-86 for a National Citizens' Assembly on Electoral Reform is coming to a vote soon! We're thrilled that
@GenSqueeze
@TheSamaraCentre
and
@apathyisboring
are all supporting this motion to engage citizens to improve democracy!
32% of Canadians understand that pricing pollution is about cleaning up our own mess. We'll need to boost that number if we want to leave a good legacy for our children. They can't vote. They're counting on us.
Pricing pollution means being
#GoodAncestors
because "When we pollute, we are making a mess and if we don't help to clean it up now we are going to saddle our children with even greater burdens down the road."
@vankayak
@juliedabrusin
#cdnpolitics
@globeandmail
The comments on this piece demonstrate a frustration among young Canadians that for decades Boomers voted for short-sighted policy decisions that did not protect us from economic and climate crisis alike. Canada needs a Generational Fairness Task Force.
The
#AlbertaElection
is more than just about healthcare🏥and taxes💰, writes
@maxfawcett
. It's a choice between facing up to the climate crisis🌍 or ignoring it 😶🌫️. Our choices now will impact generations to come👶🧓.
Pushing to ‘Axe the Tax’ is unfair to our kids
@PierrePoilievre
has convinced many Canadians that the price on pollution is a primary source of financial pain. Alas, research from
@UCalgary
shows he is pulling the wool over our eyes.
The game of life is rigged against younger and future Canadians, so
#Millennials
and
#GenZ
often turn to the Bank of Mom and Dad for help meeting basic life goals. Watch our latest Hard Truths video to learn what we love and hate about Bank of Mom and Dad jokes:
Pricing pollution means being
#GoodAncestors
because "When we pollute, we are making a mess and if we don't help to clean it up now we are going to saddle our children with even greater burdens down the road."
@vankayak
@juliedabrusin
#cdnpolitics
🏠"Canadians need to break their addiction to high home values." UBC Professor Paul Kershaw sheds light on the housing crisis and its implications for younger generations.
#HousingCrisis
#CanadianRealEstate
80% of households in 🇨🇦 get refunded more 💰 than they pay in carbon taxes.
1 in 7 people in 🇨🇦 die prematurely from fossil fuel air pollution.
@JustinTrudeau
's commitment to 📈 carbon pricing is the right choice for our wallets and our health.
@CAPE_ACME
Feeling confused about where parties stand on issues like housing and climate change? Or what all those election promises mean? Gen Squeeze's new Voter's Guide SCORES and COMPARES party platform so you can figure out which ones are the strongest. Get it!
"The private market is very good at building a lot of small condo units, especially along new transit lines... What the private market is not good at is building genuinely affordable housing and family-sized units for households on a range of incomes."
We've been shouting from the rooftops for over a decade about the squeeze faced by younger Canadians. This week it seems that noise is finally paying off! Governments are listening, budgets are shifting. We are more optimistic than ever.
#cdnpoli
#intergenerationalfairness
"Wednesday's spoiler alert: the plot of Budget 2024 will centre on millennial and GenZ voters and their fretting parents who see a generation that has been priced out of the housing market and is being squeezed on all sides"
#cdnpoli
Join us November 16 for a Community Call.
Why are younger Canadians struggling to afford housing and raise families, while worrying about the planet's future livability? Past policy chickens have come home to roost.
We promised that we'd bring you our
#VotersGuide
for the
#OntarioElection2022
and here is the first installment!
We've scored each of the platforms on their commitments to making
#Housing
more affordable, with more to come. Read more:
From a generational standpoint,
#Budget2023
is fundamentally lopsided: spending on retirees will account for 85% of the $132 billion federal deficit projected over next 5 years.
#cdnpoli
Want some good news?
#Budget2021
embraces a $10/day child care vision with roots in Gen Squeeze, Coalition of Child Care Advocates of BC (
@CCCA_BC
) &
@ECEBC
👏
And 👏
@Child_Care_Now
for their critical national advocacy!
👉
Fact: housing has never been more expensive in the history of the country and is fast becoming a luxury good.
It’s time to disrupt the status quo. It’s time to break Canada’s addiction to rising home values by implementing a “Homes First. Investments Second” strategy. 👇🏽
"It’s not evil to question boomers’ legacy". Canadian politics expects younger people to endure higher housing costs to protect older people’s finances. -Dr. Paul Kershaw in
@globeandmail
#cdnpoli
Affordability and housing are top concerns for everyone in
#Canada
, especially Millennials and Gen Z. So we sat down to talk about it with Finance Minister and Deputy Prime Minister
@cafreeland
Sign up to get the video when it drops!
#cdnpoli
🏠💡 "Build, baby, build" won't solve Canada's housing crisis, says
@CHEC_CCRL
Industry Professor Steve Pomeroy. The real issue? Demand factors, not a chronic undersupply of housing. Read the full paper here 👉
#HousingCrisis
#Canada
Canada's plans to ramp up immigration allows politicians to dodge a hard conversation with baby boomers about taxes. By dodging it, we risk harming newcomers and boomers’ kids and grandchildren.
Dear
@DouglasTodd
,
Please never stop reporting on B.C.'s housing crisis. We need your voice of reason in these dark times.
All our love,
Gen Squeeze
#bcpoli
#vanre
CBC just called a Liberal minority government
#elxn43
#CanadaElection2019
. Lots of opportunities with minority governments to take the best ideas and mash them together. Universal child care + best-in-world climate plan + making sure all CDNs can afford housing by 2030? Yes plz!
It’s time to retire subsidies to rich seniors -Editorial Board
@globeandmail
"No longer running up the debt burden for future generations will have to start with reforming OAS... Any changes need not, and should not, affect the poorest seniors."
We❤️our many supporters! (especially those who support a price on pollution)
#AxeTheTax
? Nope. That only leaves younger Canadians and future generations to bear the brunt of the escalating
#ClimateCrisis
@s_guilbeault
@JustinTrudeau
know that pricing pollution is climate justice
@GingerRocketNYC
@JohnPasalis
Here in Canada retirees with individual incomes of more than $80,000 still receive full Old Age Security payments, regardless of their housing wealth. By contrast, the clawback for Canada Child Benefits begins when household income surpasses $35,000.
There are only 3 realistic paths to eliminate the fed deficit: gut benefits for boomers; raise taxes to pay for those benefits; or ramp up immigration. Any of these paths will be challenging. Voters deserve to know which
@PierrePoilievre
plans to accept.
Another great piece by
@maxfawcett
. The housing crisis isn't the fault of other people. We collectively produced it. And we'll have to look critically at ourselves if we ever hope to adequately address it.
"The BoC observed one of the worst erosion of housing affordability in the history of the country. The HAI is up to 48.2% in Q2 2022, meaning an average household needs to shell out nearly half their take home pay to carry a mortgage."
Ont. MP Arielle Kayabaga. "I'm 32 years old, I'm a member of Parliament. I haven't been able to purchase a home. So, it's not just a fight of… politicking. These are personal fights.. and we need to see more housing for Canadians."
@KayabagaArielle
ACTION CALL for grandparents: Tell our politicians that we need housing prices to stall!
Young Canadians can't do this all on their own. Everyone needs to advocate for better policy solutions to the housing crisis!
Dear
@CBCStephenQuinn
, Next time someone suggests it's unfair to expect people to defer property taxes b/c they don't want to go into debt, please ask why it's more fair to expect younger residents to take on massive mortgages and rents to cope with crazy housing prices. Thx
This week Justin Trudeau sat down with
@GenSqueeze
founder Dr. Paul Kershaw of
@UBC
for a town hall about generational fairness! Join our email list to be the first to receive a link to the full video. Stay tuned...
#cdnpoli
@JustinTrudeau
@telfordk
🚨NEW STUDY🚨
Gen Squeeze analyzed 40 years of
#budget
trends and it’s not good. Our latest research – published today! – shows that provincial and federal governments have been underinvesting in young people for more than 40 years.
#cdnpoli
#OurBudget
1st time home buyers are a minority of purchasers. They compete with buyers who already own in the market. Emboldened by the equity they’ve gained from surging home values, existing homeowners bid up the price to levels that are disconnected from earnings paid by local jobs.
THIS! So much this!!
Sabrina knocks it out of the park with this piece 👏. Canada's policies are pitting generations against one another and this column explains how.
The problem with the “Build! Build! Build!” approach is that it ignores the fact that lack of supply isn’t the only, or even the primary driver influencing the price of rentals or home ownership.
@JustinTrudeau
On behalf of all
@GenSqueeze
supporters, thank you for taking steps toward fairness for ALL generations. We agree with tax reform. Homeowners amass thousands (sometimes millions) of dollars in tax-free wealth while they sleep and watch TV.
Happiness among young Canadians has fallen by twice as much for the young as for the old.
“It’s exactly what we’ve been saying now for over a decade: hard work doesn't pay off for them like it used to,” -GenSqueeze founder Dr. Paul Kershaw
TAKE ACTION!
Sign the Declaration of Voters' Rights on Proportional Representationto: The right "to be governed by fairly elected legislatures in which the share of seats held by each political party closely reflects the popular vote."
@FairVoteCanada
$115 billion in new money for Old Age Security ALONE accounts for 2/3 of federal deficits. Previous governments never worked out how to pay for the healthy retirement of Baby Boomers. Now their children and grandkids will pay.
#GenFairnessNow
#cdnpoli
New research on the impact of changing housing prices on renters and homeowners. "Review found that rising housing prices are linked to improved health for homeowners and higher-income people, and a decline in overall health for renters and low-income people."
That's right! we don’t solve wallet problems by neglecting climate problems. We solve wallet problems by reducing the BIG expenses such as child care, housing and postsecondary.
#ClimateAction
Those attacking the carbon levy with false and misleading information offer no alternatives, especially ones as cost-effective as carbon pricing.
Read the full column by David Suzuki ⬇️
#cndpoli
#carbontax
#carbonpricing
69% of Canadians agree that, in order to restore housing affordability for all, we need home prices to stall, so earnings can catch up. Only 16% disagreed with this statement.
For our 3rd
#OntarioVotersGuide
scorecard, we're talking
#FamilyAffordability
.
It's great to see all parties agreeing that $10 a day child care is a priority - but we want to see that be the MAX fee you pay. Read our full analysis:
#OntarioVotes
Canada needs to scale up non-market housing and dial down harmful demand. Join our friends at
@leadnowca
to advocate for affordable housing options for all Canadians.
#cdnpoli
#HousingCrisis
We are in a
#HousingCrisis
. It’s time we’re honest about how we got here: investor greed and decades of government inaction.
We’re coming together to fight for safe, affordable housing. Are you in? Add your name to join the campaign 👉
#HomesAreForPeople
Yesterday the fed gov launched the Co-operative Housing Development Program. 1st investment in co-ops in over 30 years!! $500 million in contributions + $1 billion in loans to build. We're celebrating with our friends
@CHFCanada
#cdnpoli
#HousingCrisis
➡ Fact: it has never been harder to afford a home in the history of Canada. Our housing crisis is the worst among the OECD and spiralling out of control.
🧵
"It is surprising that we rarely talk about whether today’s aging population paid enough taxes to cover their use of the medical care system.
Spoiler alert, they didn’t."
Pushing to ‘Axe the Tax’ is unfair to our kids via
@globeandmail
@PierrePoilievre
has convinced many Canadians that the price on pollution is a primary source of financial pain. Alas, research from
@UCalgary
shows he is pulling the wool over our eyes.
“Public investment (in housing) is not an expense. It is an investment in the public state,” -
@ccpa
Lynne Fernandez
The report calls on
#Manitoba
gov to build 10,000 social housing units to meet the demand for low income renters.
Here's
@DannyOleksiuk
of
@ahvancouver
giving us a tour of the new purpose-built rental at 18th and Commercial in Vancouver. These buildings will house more than 100 renters in just a few months!
Learn Danny's story:
#yvr
#vanre
#pbr
#werent
"the average home price in Canada jumping 31.6 per cent year-over-year in March..." Despite the pandemic crisis.
This ☝️is why we're concerned (and confused tbh) that the federal budget barely proposed anything to calm this $#!% down.