What is the problem?
In this recent period, the wealth gap between owners and renters has widened and TD bank says the government needs to do something about it. A Canadian report shows that homeowners net worth born from 1955 to 1964 was $1.2 million more than non homeowners. Home prices have fallen lately but rentals are increasing very quickly.
What is the solution?
TD bank says there should be more property where people are renting. They also say that pricing for buyers should be reassessed and that renters should get more help saving and generating more wealth.