Believing Canadian pension plans can lead us out of this housing affordability crisis would be a fool’s errand. The irony is that a main cause of the housing affordability crisis is that Canada’s inadequate public pension system forces people to rely on private real estate markets to fund their retirement income.
For the past twenty years, successive federal governments have maintained a restrictive two per cent funding cap on the PSSSP that has resulted in funding falling far behind growing demand for post-secondary education, rising tuition fees and increasing living costs. As a consequence, Indigenous communities administering the funds are forced to make impossible choices about which students in their communities receive support each year.
