[dismalaf]

> Considering our pension schemes will become also at risk, we might encounter exactly the same situation in some decades.

Canada here. The maximum possible CPP (Canada Pension Plan) monthly payout is half the average rent for a 2 bedroom apartment across the country.

It's funny, 20 years ago we were talking about boomers not having saved enough for retirement and worries around that... Now real estate has inflated so much that boomers are the wealthiest cohort and most retire by selling real estate then downsizing or renting...

[gruez]

>Canada here. The maximum possible CPP (Canada Pension Plan) monthly payout is half the average rent for a 2 bedroom apartment across the country.

1. For cities or rural areas? If you're retired you don't really need to live close to a city center for a job. That'll reduce costs significantly.

2. Why would a retired person need 2 bedrooms?

[inglor_cz]

The elderly probably need to live close(r) to healthcare facilities. The vast majority of chronic disease burden is concentrated into the last 10 years of life or so. Living in a rural area with few doctors in proximity means realistic risk of undetected cancer, or having a heart attack too far from an ICU etc., thus dying perhaps a decade earlier.

[Qem]

> Why would a retired person need 2 bedrooms?

To receive visiting relatives for a couple days. Also when they get sick or break a bone, and need 24/7 assistance for a couple weeks/months, having a second bedroom available is very helpful.

[dismalaf]

1. Country wide. In Toronto or Vancouver it's more like 3-4x.

2. Because 2 bedrooms are the most common type of unit so realistically that's the actual "average rent". Statistics that use single bedroom units are garbage because so few units exist.

[bryanlarsen]

Property prices are going to crash hard in Canada. The government plans on capping temporary residents at 5% of the population, down from a current 7.5%. That means that 900,000 people are going to have to leave. And that's the Liberal plan. The presumptive incoming Conservative plan is going to cap numbers even harder.

Combine that with a massive recession caused by the Trump tariffs, and expect property prices and rents to plummet.

Rents are already down to a 17 month low, but that's just a minor correction compared to what's coming.

[adev_]

> Now real estate has inflated so much that boomers are the wealthiest cohort [...]

That currently should also serve as a lesson for Western governments.

Real Estate price in Japan have been decreasing for decades almost everywhere excepted Tokyo.

The reason are multiple but the main one is also the declining population: Why would you pay more when there is so many empty houses ?

That removed any hope for many elderlies to capitalize on their properties for their retirement.

[dismalaf]

> That removed any hope for many elderlies to capitalize on their properties for their retirement.

Canada is absolutely not the model to follow. The absurd housing market means that actual, productive economic activity isn't happening. In the last decade we've fallen behind many of our peers in standard of living and average income.