Youth everywhere in the country are in the trenches and will most likely continue to struggle in 2024. Canada is currently facing a housing crisis marked by soaring prices, limited affordability and growing homelessness. The situation is most pronounced in major cities where many of our youth have to relocate and where housing demand has outstripped supply, creating a substantial affordability gap. Younger generations find it challenging to become homeowners due to high down payment requirements and escalating mortgage costs and interest rates.
Maïtée Labrecque-Saganash