Decades of political dialogue on restoring housing affordability haven’t done enough to reduce the harm young people are suffering from the high cost of home ownership and rent.

Since prices began spiraling around 2000, young Canadians have endured a harrowing level of financial insecurity, affecting not only housing choices but other life decisions, like starting a family. Yet the very same rising prices have generated huge wealth for homeowners, allowing many to build generous ‘nest eggs’ on which they are now counting to fund their retirements.

Young people are obliged to endure high prices to protect these nest eggs – that’s the political bargain we’ve struck in Canada. Parties of all stripes chose to protect housing equity for existing homeowners at the expense of financial security for Millennials and Gen Z.

This election, it’s time to talk about the compensation they deserve.

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