Well done! Well said! I have written about this in the past. My wife and I bought our first house in 1974. We paid $37,000 for it. Now, here it is 2019 and the same house is selling for over $1.O Million. The hourly wage for the industry I was in at the time was around $5.00 an hour. My wife was a stay at home mom with 3 kids. The hourly wage in the same industry is now $35 an hour. The so-called value of the property has risen by around 2,500 percent but wages have risen by 700 percent.

A two-bedroom condo is selling for around $650 thousand. How does a young married couple not only save for a deposit, how do they maintain a mortgage?

Let's do the numbers. Let's assume a $100,000 deposit through the bank of “mom and dad”. This leaves a mortgage of $550,000. At 3.4% amortized over 25 years requires a monthly payment of $2,700 including creditor insurance, payable in after-tax dollars. Then, there are monthly strata fees (let's say $400 a month), monthly bills for hydro, cable, groceries, medical, home insurance, car, school supplies and so on. No wriggle room if an emergency hits.No room to save for a “rainy day”. Disaster looms at every corner.

The only solution for young couples without resources is to move far away from the city where they grew up. But, where do they find work?

I could go on and on about this issue but I think you get my drift. It's a big problem and getting worse.