It's a brilliant question. If only I had a dollar for every time I was asked that question, I would be wealthy.
Here is the answer.
First off, the data are unclear about just how much people are going to inherit. However, let's imagine that every younger person is going to inherit every dollar that their parents have accrued through the increase in housing prices. The typical Canadian is going to live to 82 to 84. Their kids will then inherit when they're 50. Their grandchildren will be in their twenties and thirties.
Here's the rub. We know that, as a species, we are especially sensitive to our environment before we get to grade school. Yet, you look at how Canadians put our money into our public investments and see we're really slow to invest in younger Canadians until their kids get to grade school.
We need public policy to now adapt for the fact that a younger demographic is not due to inherit in the moments that they're raising their young kids. They're going to inherit when their kids are already graduated and into the labour market. We need public policy to adapt because of the progress of our life expectancy.