No, in reality, it is the high cost of living in Canada vs the disposable income that is preventing people from being able to A) LIVE within their means and B) Not have any additional income to Save, + TAXFLATION. 

The collective governments of Canada are so far into MOST Canadians wallets, but most don't seem to know or care as their apathy is dripping with apathy. Canadians, it seems, don't seem to have any radical element in their DNA, and so apathy shall continue to rule the day in Canada.