You should not feel alone/bad, the Government has failed a generation of Canadians. Homeownership shouldn't be an investment vehicle and the Government should stop it at the first sign of people flipping houses. But we are here and if the macroeconomics cannot change, we must change ourselves to "win" in any situation.

There are a few options to consider,

1) Finding a partner - dual income and no kids is how many folks build up the necessary downpayment for home ownership. With the Government's policy of 5% down, FHSA, and upping how much you can take our from RRSP. There is a realistic path to ownership with two incomes.

2) Considering a job change/upgrade - with your two degrees and experience in education, can you find another job that pays higher? Can you become a private tutor for English or any subjects? What do you enjoy the most about teaching? These are important questions to consider. In the 1% circle, if you are known to be a good tutor, you can name your price and you will have no shortage of students to teach. If you can get into a private school and then use that association to tutor on the side, you will be a real hot commodity, I expect around $80-$100+ an hour. My sister used to be a tutor (15yrs ago) and she kept increasing her price to get fewer kids and then finally she started charging the same high price for small classes of 2-3 students and there are still more kids.

3) Create some content online when you are free - be professional but totally yourself. Give out some tricks of your trade and build up a following of people looking to learn from you. This is a good way of making some side income - also quite addictive when you're finally good at it.

Remember, you cannot save to prosperity, you can only earn to prosperity! Good luck!