StatsCan Reporting Drop in Home Ownership

Wednesday, 21 September 2022 11:42

By Linda Morgan

Latest census shows a drop in home ownership in Canada.

Statistics Canada says home ownership is on the decline.

According to the latest census data, two-thirds of Canadians owned a home last year, which is down from 69 percent a decade earlier.

The agency also says newly built homes are increasingly likely to be occupied by renters, and young millennials are less likely to own a home now than they were ten years ago.

The report also notes monthly costs rose faster for renters than homeowners in the latest census period.

More from Local News

Moyer Farms Making $12M Investment

New state-of-the-art facility being built in Lincoln.
Niagara Falls Going Green for St. Patrick's Day

A beloved annual celebration throughout much of the world.
St. Catharines RIDE Campaign

One driver was nabbed for impaired operation of a motor vehicle.
Davies Challenges Gov't on EV Support

Niagara South MP told parliament of problems at 2 Niagara EV plants
Welland's Plan for Hospital Contribution

City council voting for multi-year plan to pay for its $17.8-million portion of South Niagara hospital
New GO Station Coming to Niagara

Metrolinx is working with the region to build one in Grimsby, there will be public consultation on this
Most Serious Collisions in Summer: Region

The region is working on road safety with less money due to no speed cameras
Coach Service Added to Airport

The Niagara airport working with Air Canada and Landline Company for service to Toronto

StatsCan Reporting Drop in Home Ownership

Share

More from Local News