Ask your friends how their home owning children are doing financially.
I suspected that most of these adult children were given the downpayment to enter the mkt: grandkids!

Some parents took it from savings, some through a HELOC. Recently I have heard sob stories regarding the Bank of Mom and Dad is running out of available funds at the same time housing values are declining for the Parents and the “dependent” adult children.

There must be a point where the squeezed Bank of Mom and Dad say no mas. Then the domino effect occurs.

A few random people told me they put off taking their CPP until 70 to receive more monthly income. They did receive more but the COLA has been way below the cost of living by possibly 10% a year for the past five years. They were counting on their CPP and OAS to fund their retirement. I don’t see many new articles that point this out in Canada but possibly due to next to no MSM reading on my part.

Do other Canadians hear the same?