Many young people are locked out of the housing market by skyrocketing prices that have left earnings far behind. Today a young person must work far longer to save a down payment on an average home (especially in our largest cities) compared to when baby boomers were shopping for homes. Hard work no longer pays off for young people in terms of covering the major cost of living – housing.  Canada is slow to fix a housing system that is crushing affordability for young people because we are addicted to the wealth generated by rising home prices, much of it going to older home owners lucky enough to get into the market decades ago. Housing wealth is a key source of intergenerational inequity in Canada today.