Completely agree. I'm in Victoria and the housing situation is crazy here too, though not as bad at the GTA. Even with a household income of about 100k, and 25k saved up for down-payment, buying seems impossible if we want anything beyond a two-bedroom condo. Those are all listed at 425k minimum anywhere within 30 min of downtown, where my wife and I work. Most are above that. We have a two year old child and need a bit more room than that or we'll all end up murdering each other. Three bedroom condos/t.hs are more like 500k and above. Actual detached houses are pretty much all listed at 600k plus, even if they are old and on busy roads. Anywhere nice is listed at 750-800k. There's normal-ass houses like I grew up in going for 1m or above. Its insanity. Anyone I know around my age who has been able to buy a detached house in this city has either got massive help from their parents or been in an car crash and received an ICBC settlement. Seriously, getting hit by a car is one of the most viable paths to home ownership around here.

We are renting a 2.5 bedroom house for a relatively decent price considering the market ($1650 a month), but it is over 100 years old and I'm quite certain that, other than the roof, the exterior hasn't been touched since the 1920s. Single pane windows, basically no insulation, so heating the thing costs a shitload. We took it because everything else that size and location at least $500 more per month.

I find the baby boomer shaming of millennials to be infuriating. I don't think anyone has ever had it as good as baby boomers, especially in Canada. Born after the war into unprecedented economic growth, a healthy welfare state, ability to buy a new house, new car and raise a family on average income (often just single-earner), pensions available to many, etc. No Vietnam war draft like American boomers had to worry about. And now those houses they were able to buy in the 70s and 80s are making them all rich at the expense of their children's generation, through no effort of their own, and all that economic growth they benefited from has caused unprecedented environmental damage that they won't be around to have to deal with. And what do we get now? Stagnated wages, rising prices on everything, unsustainable household debt, the "sharing economy," rentism, and looming climate disaster. Not to mention shouldering the costs of supporting them in their dotage. But it's our fault or something.