The Cost of Living Has Skyrocketed for Most Young Canadians

Source: Katie Dangerfield, globalnews.ca, July 10, 2021

Today house prices have hugely increased while people’s earnings have lost ground relative to inflation by thousands of dollars.

Almost 30 years ago, Alice Sayant and her husband bought their first starter home in the suburbs of Winnipeg.

The newly built house was a 1,200-square-foot, three-bedroom bungalow with 1.5 bathrooms and a big backyard. The couple saved up for around five years to put a down payment on the $82,000 house.

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