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#canadarealestate #housingaffordability #canadianeconomy Canada faces either a real estate affordability crisis, or a retirement crisis – a ‘Sophie’s Choice’ for policymakers – this according to a new report from the Globe and Mail. Links: The bitter truth is that cheaper housing means a retirement crisis for homeowners: https://www.theglobeandmail.com/busin... Why Toronto’s slow real estate market could mean fewer seniors selling their home to downsize: https://www.thestar.com/business/why-... Hidden risks for Canadians planning to downsize their retirement: https://financialpost.com/personal-fi... ‘I might never pay it off’: The new reality of retiring with debt in Canada: https://money.ca/retirement/retiremen... Retiring in debt: Canadians face new mortgage reality: https://www.discoverairdrie.com/artic... More Canadians are relying on a home to fund their retirement despite the risks: https://financialpost.com/personal-fi... Relying on property to fund retirement a riskier strategy than it was: https://www.wealthprofessional.ca/new... Why downsizing isn’t a given for today’s retirees: https://realestatemagazine.ca/why-dow... Dog days come early for Toronto homesellers: https://www.theglobeandmail.com/real-... Table: Voter turnout by age group: https://electionsanddemocracy.ca/elec... Supply is the only cause and solution to Canada's housing woes — it's time to be bold: https://financialpost.com/real-estate... The new real estate reality for retirees: Exiting the workforce with mortgage debt: https://www.royallepage.ca/en/realest... First-time homebuyers in Ontario are getting older, and fast: https://www.theglobeandmail.com/busin... Why aiming to achieve pre-COVID housing affordability levels makes sense: https://www.cmhc-schl.gc.ca/observer/... Time to rethink home equity-based retirement plans?: https://www.wealthprofessional.ca/new... Ottawa to expand 30-year amortizations, raise insured mortgage cap: https://globalnews.ca/news/10757723/o... Canadian Banks Are Propping Up Toronto’s Crumbling Condo Market: https://www.movesmartly.com/articles/... Posthaste: Canada home prices are heading into correction territory: https://financialpost.com/news/canada... Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) [email protected] Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: / markmitchellmortgagebrokerlondonontario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - / mortgagebrokerlondonontario Facebook - / londonontariomortgages Twitter - / londonmortgage1 LinkedIn - / mark-mitchell-london-s-mortgage-broker-197... TikTok - https://www.tiktok.com/@mortgagebroke... Commentary on this Channel should not be considered financial advice.