Lower rate of Canadians own homes despite increase in household incomes — via financialpost RealEstate News Economy
“Trying to figure out the right time to buy is a difficult decision that can leave Canadians wondering how long they want to hold out on entering the real estate market — or whether they even want to,” the agency said in its report.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Housing is still at its most unaffordable level in 30 years — since the height of the housing bubble in the 1980s and the 1990s — according to recent reports by the National Bank of Canada and Royal Bank of Canada. According to Statistics Canada, Canadians found housing more affordable in 2021 because they had higher incomes, in large part due to pandemic support programs.Article content
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Lower rate of Canadians own homes despite increase in household incomesCanada\u0027s homeownership rate declined to 66.5% after peaking in 2011 at 69%, according to a Statistics Canada release. Read more.
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Lower rate of Canadians own homes despite increase in household incomesCanada\u0027s homeownership rate declined to 66.5% after peaking in 2011 at 69%, according to a Statistics Canada release. Read more.
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Stats Canada says Canada's homeownership rate fell in latest 2021 census releaseOTTAWA — Canada's homeownership rate is on the decline, with young adults in particular less likely to own a home in 2021 than they were in 2011, says Statistics Canada.
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Read more »