Economy

Home Ownership in Canada Declines, Reversing Long Upward Trend

Home ownership in Canada fell for the first time in over 45 years, according to a Point2Homes study.
Home Ownership in Canada Declines, Reversing Long Upward Trend
A sold sign is shown in front of a West End Toronto home in this file photo. Toronto has one of the lowest home ownership rates in Canada. The Canadian Press/Graeme Roy
Rahul Vaidyanath
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Home ownership in Canada fell for the first time in over 45 years, according to a Point2Homes study released this week. It had reached a record high of 69 percent in 2011, but as of 2016, it fell to 67.8 percent.
Using 2016 Statistics Canada census data, the study showed that the drop in home ownership was broad-based, declining in 88 of Canada’s 100 largest cities.
Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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