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

Niagara Falls Exploring Pothole Repair Idea

City councillor says it'll cost less than $100,000 for the equipment, to keep asphalt hot
Advocates Want Formerly Homeless for Committee

City of Thorold asking Niagara region to include them in finding solutions
Niagara Falls Preps for Ribfest

Ribfest mascot Piggy Smalls building hype for May 22nd weekend
Hospital Deficits Getting Worse: Report

Report shows it grew substantially at Niagara Health over a 2-year period
Man Dies in Lincoln House Fire

Emergency crews called to the scene yesterday afternoon, the Ontario Fire Marshall is looking into the cause
Potential Niagara Parks Strike

The union says it's mainly for fair wages
Man Charged with Possessing Child Porn

Police made the discovering in St. Catharines home
Be Wary of Spring Time Scams: NRP

"Companies" will claim work is needed

StatsCan Reporting Drop in Home Ownership

Share

More from Local News