Spoiler for an upcoming piece. There's a myth out there that young people are "demanding" large homes. While the stock of 4-bedroom+ homes has risen, they're being bought by Gen X and Boomers. Ownership rates for people under 40 are plummeting across types.
M
mikepmoffatt@mastodon.social
@mikepmoffatt@mastodon.social
Posts
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Spoiler for an upcoming piece. -
As of Census 2021, less than 10% of 25-29-year-olds were the head of a household in a 3+ bedroom home they owned.As of Census 2021, less than 10% of 25-29-year-olds were the head of a household in a 3+ bedroom home they owned. Family-sized ownership housing is increasingly for older folks only.
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11 years ago, Hannah gave me the best birthday present ever.11 years ago, Hannah gave me the best birthday present ever. Today, Matti and I (collectively) turned 60 years old.
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New piece at the Hub!New piece at the Hub! I drill into the numbers to show that GDP per capita is overstating Canada's quality of life, and a variety of other indicators show that we're falling behind our global peers... fast.
We're too complacent, and it's costing us.
Canada’s global performance rankings are in freefall
Is Canada actually doing better than Alabama? That’s the wrong question
(thehub.ca)
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Around this time last year, I sold all of my US stocks and reinvested 10% in Canada, 90% in non-US/non-Canada.Around this time last year, I sold all of my US stocks and reinvested 10% in Canada, 90% in non-US/non-Canada.
A year later, up 26%. Given the TSX is up nearly 35% y-o-y, I do wish I had invested more in Canada, but my portfolio was already overweight Canada to begin with.