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

Region to Honour Designers in January

One more week to submit to the Niagara Biennial Design Awards, for those who design buildings, landscapes, etc
NRP Hoping to Buy More Vehicles, Equipment

The plan is to spend up to $6.8-million next year, police services board approves budget
Police Search School Over Threat

UPDATE Friday: NRP say threat is unfounded, after viewing security cameras, and finding nothing
No Injuries After Home Shot at Twice

NRP say it happened at Niagara on the Lake home
Opening Ceremony for Paris Olympics Today

The ceremony will begin at 1:30 p.m. Eastern Daylight Time.
Religious Symbols Allowed at St. Catharines City Hall

Council voted 9-3 in favour, which will include the nativity scene
St. Catharines Man Arrested for Child Porn

NRP say they found evidence, after investigating Child Sexual Abuse Material to Facebook
Teen Charged in Fenwick Fair Assaults

Police also looking for 2 others, and they've processed 3 more through the Youth Criminal Justice Act

StatsCan Reporting Drop in Home Ownership

Share

More from Local News