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Middle-class safe from tax hikes says Freeland, no such promise to the wealthy
(www.nelsonstar.com)
this post was submitted on 10 Apr 2024
60 points (98.4% liked)
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Yeah, what is middle-class really now? Even if in a couple you own 100k, it's not much nowadays especially in Vancouver/Toronto , with houses at 1M...
100k is the new 50k of before. In Québec, teachers or nurses own 100k+, policemen/firefighters too, half of municipal employees are at 100k+, provincial/federal employees 100k+, etc
In 2023 the average household income was 75K and the average home price was 715k. >9x
In 1999 the average household income was 57K and the average home price was 229k. ~4x
Even if you make 100K you are still just doing "ok" in Canada because the value of your work has been cut by more than half in the past 20 years.
Absolutely, it's almost impossible to buy a house. How can people have a 6k/month mortgage is beyond me