For generations, Canadians believed the same story: work hard, save diligently, and eventually you’ll be able to buy a home. But for today’s young people, that story is breaking down. Home prices have been rising far faster than wages, pushing the dream of ownership further and further out of reach.
According to a recent MSN article, inequality in Canadian homeownership is widening. Those who already own property benefit from rising prices, while those who don’t are increasingly locked out. The traditional method—saving cash in a bank account—can’t keep pace with the accelerating cost of entry.
Bitcoin offers a radical new alternative to this paradigm.
The Problem With Saving in Dollars
Let’s take a simple example. Imagine you’re trying to save for a down payment on a modest condo in a Canadian city. Let’s say the goal is $80,000, which is already on the low end for many markets.
If you put away $500 a month in a traditional savings account, you’ll have $6,000 at the end of the year. But during that same year, home prices could rise 10%—adding $80,000 to the cost of your target property. In other words, the faster you save, the further behind you fall.
The erosion of their savings is the treadmill young Canadians are stuck on: wages and savings accounts are fixed to the pace of the dollar, while homes are priced in a market that’s running away from them.
Bitcoin as a Parallel Savings Tool
Now consider a different approach: using Bitcoin as a parallel savings vehicle. Instead of (or in addition to) putting that $500 a month into cash, you dollar-cost average (DCA) into Bitcoin.
Dollar-cost averaging means buying a fixed amount of Bitcoin on a regular schedule, regardless of price. Over time, this strategy has smoothed out volatility and historically provided strong returns.
Using data from dcabtc.com, let’s look at a real example:
- If you had started saving $500 a month into Bitcoin from August 2020 to August 2025 (a 5-year window), your total contributions would be $30,000.
- By August 2025, that same savings plan would have grown to approximately $120,000.
That’s four times the value of the cash you put in—and enough to cover a serious down payment, even as housing prices surged.
A Visual Look
Here’s what the difference looks like in practice:
How Employers Can Help
Providing your employees with tools to create financial certainty and optimism for the future is an incredible gift. It can also transform workplace culture for the better.
A Bitcoin Savings Plan can introduce your staff to a new savings tool that helps them achieve financial goals that may seem out of reach today for many.
Contact Block Rewards to learn more.