Lis and Myles Landry were married less than a year ago and together they have a shared dream of one day owning their own home.<\/p>\n
For now, they are settling for living in a small Halifax-based apartment, until they can afford to buy their own property.<\/p>\n
\u201cI wouldn\u2019t say that I am ever hopeless, but those things seem rather unattainable,\u201d said Lis Landry, who added they make a good combined income, but their monthly expenses make it difficult to save enough for a down payment on a house. <\/p>\n
\u201cBetween bills and rent and student debt, it\u2019s not really realistic to put away more than a couple of hundred dollars a month.\u201d<\/p>\n
According to Statistics Canada, the home ownership rate for younger Canadians has declined in recent years.<\/p>\n
Prime Minister Mark Carney will introduce his government\u2019s new federal budget on Nov. 4 and the Landrys will be watching closely, hoping the budget unveils a realistic plan for affordable housing to help many Canadians take on a mortgage.<\/p>\n
\u201cI think we lack a consistent definition for what counts as affordable housing,\u201d said Lis Landry. \u201cA lot of the time they will call it affordable, if it\u2019s below market rate. But if the market rate is extremely high, that stops being affordable for most people.\u201d<\/p>\n
They are also skeptical that their housing concerns are being felt and heard in Ottawa.<\/p>\n
\u201cIt will get brought up, but in truth, unfortunately, I am a little bit pessimistic,\u201d said Myles Landry.<\/p>\n
Some homes in the Landry\u2019s neighbourhood are selling for approximately $1 million dollars. Looking forward, they remain optimistic, but are admitting it feels like they are nowhere close to one day being homeowners.<\/p>\n
\u201cI would not be surprised if it takes until my 40s before it is a possibility,\u201d said Myles.<\/p>\n
\u201cI think that the promise of this country is that we are a place of prosperity and diversity,\u201d said Lis. \u201cI think owning a home is part of the Canadian dream.\u201d<\/p>\n
Lis Landry also said she has concerns that there is a growing divide in our country based on a lack of access to housing. She hopes the prime minister addresses these concerns in the upcoming federal budget.<\/p>\n","protected":false},"excerpt":{"rendered":"Lis and Myles Landry were married less than a year ago and together they have a shared dream…\n","protected":false},"author":2,"featured_media":234091,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[712,49,48,44],"class_list":{"0":"post-234090","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-apple-news","9":"tag-ca","10":"tag-canada","11":"tag-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/234090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=234090"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/234090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/234091"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=234090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=234090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=234090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}