{"id":14452,"date":"2021-09-29T11:00:08","date_gmt":"2021-09-29T11:00:08","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/09\/29\/who-are-we-kidding-canada-is-addicted-to-high-rising-home-prices-and-thats-the-problem\/"},"modified":"2021-09-29T11:00:08","modified_gmt":"2021-09-29T11:00:08","slug":"who-are-we-kidding-canada-is-addicted-to-high-rising-home-prices-and-thats-the-problem","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/09\/29\/who-are-we-kidding-canada-is-addicted-to-high-rising-home-prices-and-thats-the-problem\/","title":{"rendered":"Who are we kidding? Canada is addicted to high-rising home prices \u2014 and that&#8217;s the problem"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\">\n<h2 class=\"visually-hidden\">Breadcrumb Trail Links<\/h2>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\"> News <\/li>\n<li class=\"breadcrumbs__item\"> FP Economy <\/li>\n<\/ol>\n<\/nav>\n<p class=\"article-subtitle\"> Episode 121 of Down to Business podcast <\/p>\n<div class=\"article-meta\">\n<div class=\"published-by\">\n<p>Author of the article:<\/p>\n<p> <span class=\"published-by__author\">Gabriel Friedman<\/span> <\/div>\n<div class=\"published-date\">\n<p>Publishing date:<\/p>\n<p> <span class=\"published-date__since\">Sep 29, 2021<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">40\u00a0minutes ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">2 minute read<\/span> \u00a0\u2022\u00a0 <span>  <span class=\"comment-bubble\"> <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"16\" viewbox=\"0 0 24 24\" width=\"16\"><path d=\"M4,0 C2.93914,0 1.921718,0.421428 1.171572,1.171572 C0.421428,1.921718 0,2.93914 0,4 L0,24 L3.846,20.158 L4,20.16 L20,20.16 C21.0608,20.16 22.0782,19.73858 22.8284,18.98842 C23.5786,18.23828 24,17.22086 24,16.16 L24,4 C24,2.93914 23.5786,1.921718 22.8284,1.171572 C22.0782,0.421428 21.0608,0 20,0 L4,0 Z M2,4 C2,3.46956 2.21072,2.96086 2.58578,2.58578 C2.96086,2.21072 3.46956,2 4,2 L20,2 C20.5304,2 21.0392,2.21072 21.4142,2.58578 C21.7892,2.96086 22,3.46956 22,4 L22,16.16 C22,16.69044 21.7892,17.19914 21.4142,17.57422 C21.0392,17.94928 20.5304,18.16 20,18.16 L4,18.16 L3.048,18.126 L2,19.174 L2,4 Z\"\/><\/svg><\/span> Join the conversation  <\/span> <\/div><\/div>\n<figure class=\"featured-image\"><picture class=\"featured-image__ratio featured-image-category__economy\"><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">The problem with our housing market is that Canada is addicted to high-rising home prices, argues UBC&#8217;s Paul Kershaw. <\/span> <span class=\"credit\">Photo by Postmedia<\/span> <\/figcaption><\/figure>\n<\/div>\n<div id=\"\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>When it comes to Canada\u2019s rising housing prices, some people blame home flippers, some blame foreign buyers, and some blame developers.<\/p>\n<\/p><\/div>\n<div id=\"\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>But this week on Down to Business, Paul Kershaw suggests that \u2018regular folks\u2019 who like the idea of buying a house and one day selling it for a huge windfall may be part of the problem.<\/p>\n<p>Kershaw is a professor at the University of British Columbia\u2019s school of population and public health, where he founded a university-community think tank\/laboratory of sorts, called Generation Squeeze, to analyze the generational divide.<\/p>\n<p>Compared to 1976, people aged between 25 and 34 today earn lower salaries \u2014 $53,000 on average vs. $58,300 \u2014 even though way more of them have advanced secondary degrees \u2014 70 per cent vs. 30 per cent, according to Generation Squeeze\u2019s numbers. Young people today also face an average housing price of $568,000 vs. $224,000 in 1976.<\/p>\n<\/p><\/div>\n\n<br \/>Who are we kidding? Canada is addicted to high-rising home prices \u2014 and that&#8217;s the problem<\/a><br \/>\n<br \/>2021-09-29 11:00:08<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News FP Economy Episode 121 of Down to Business podcast Author of the article: Gabriel Friedman Publishing date: Sep 29, 2021 \u00a0\u2022\u00a0 40\u00a0minutes ago \u00a0\u2022\u00a0 2 minute&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.prod.postmedia.digital\/financialpost\/wp-content\/uploads\/2021\/09\/housing0929.jpg?quality=90&strip=all&w=288","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-14452","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=14452"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14453"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}