Most recent news and insights

  • Affordability can’t come at the cost of generational fairness—Ontario Fall Economic Statement

    Posted by · November 16, 2022 9:17 PM

    Finance Minister Peter Bethlenfalvy clearly wasn’t much concerned with generational fairness in his recent Fall Economic statement. His prescriptions for the province at a time of increased economic uncertainty fall well short of following the generational golden rule: to treat other generations as you would want your generation to be treated.

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  • Poll: Majority of Canadians support a price on housing inequity

    Posted by · November 14, 2022 11:02 PM

    New polling by Research Co. for Generation Squeeze shows that a majority of Canadians are now ready for governments to soften the sharpest edges of the home ownership tax shelter.

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  • What you don’t know about the investors driving up housing demand (and prices)

    Posted by · November 09, 2022 4:01 PM

    We might all agree that Canada needs to build more homes. But it’s clear from Gen Squeeze’s comprehensive housing policy solutions framework that supply isn’t a silver bullet. Increasing the number of homes can help push down prices – but decreasing demand can have the same effect. Supply and demand are two sides of the same coin, but we tend to discuss the former as a potential solution far more than the latter.

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  • The Fall Economic Update doesn’t update much for generational fairness

    Posted by · November 04, 2022 7:43 AM

    If you want Canada to work fairly for all generations, here are five key take-aways from the Government of Canada’s Fall Economic Statement, released on November 3, 2022.

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  • The Globe & Mail: Statscan failed young Canadians by underestimating the effect of housing inflation

    Posted by · November 01, 2022 11:20 AM

    Amid all the talk of inflation these days, it’s easy to forget that a generation of young Canadians are shut out of home ownership in part because Statistics Canada failed to sound the alarm over rising housing prices decades ago.

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  • More Homes Built Faster isn’t enough to deliver affordability to Ontarians

    Posted by · October 26, 2022 2:40 PM

    Ontario’s Conservative government released the "More Homes Built Faster Act" on October 25, 2022. If passed, the legislation will aim to expand the supply of housing in the province by speeding up construction, reducing obstacles and fees for development, and increasing density near transit and in residential areas. This includes streamlining new affordable and rental housing developments. The proposed actions have merit but don't go far enough to fix record housing unaffordability. Read our analysis to find out what's missing from the plan.

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  • The Globe & Mail: We can’t fix medical care at the expense of young Canadians’ finances. Here’s why.

    Posted by · October 14, 2022 11:34 AM

    Our universal medical care system is as much a part of Canadian identity as the Maple Leaf. When news reports consistently outline how this system is “in crisis,” there is understandable angst. Fixing the crisis requires that we recognize how personal finances – yours, mine and others – are deeply implicated. To slow the flow of illness into hospitals and clinics, governments need to grow investments that will ease the squeeze on the finances of Canadians – especially younger Canadians – more urgently than they add money for medicare.

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  • The Globe & Mail: Young Canadians go to school longer for jobs that pay less, and then face soaring home prices

    Posted by · September 30, 2022 11:47 AM

    This is Paul Kershaw's first article for a new bi-weekly personal finance column for The Globe & Mail: It is a cliché now to suggest that young people today drink too many lattes and eat too much avocado toast, so can’t afford their major costs of living; that they rely too much on handouts from parents – far past when a responsible adult should. They want it all now without working for it. You may have heard this nonsense enough that you’ve come to believe it. As founder of Generation Squeeze, I’ve been on a mission to show it’s not true. Because these myths inflict real harm, causing many younger people to feel that they are doing something wrong, or that they are personally failing when they struggle to establish a solid financial foundation.

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  • We need to talk about Canada’s $3.2 trillion home-grown tax shelter – the principal residence exemption

    Posted by · September 07, 2022 11:11 AM

    The unfairness within Canada’s housing system is a feature, not a bug. As Gen Squeeze has repeatedly pointed out, ownership of a home confers a unique tax advantage that cannot be claimed for any other asset. That’s because the principal residence exemption largely shelters  housing wealth from taxation. To understand the implications of this, let’s look at a couple of scenarios.

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  • Are people who live in homes worth $1 million wealthy?

    Posted by · August 22, 2022 3:33 PM

    The poll we recently commissioned shows that a sizable minority of Canadians view housing wealth differently than wealth from other sources – especially when this housing wealth is held by retirees. This attitude stands in the way of policy solutions for generational fairness.  In particular, it’s harder to make the case for tapping into a small amount of housing wealth windfalls to create more affordable housing, or pay for services retirees want like long-term care and pharmacare.

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