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StatsCan Reporting Drop in Home Ownership

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. 

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