Home Ownership Challenges
A new report by Re/Max Canada confirms that the current generation faces significant obstacles in buying a home.
According to the report, which analyzed home ownership over the past 30 years, "the current cohort of property purchasers is facing among the most formidable headwinds yet."
- The homeownership rate for 25 to 29-year-olds dropped from 44% to 36% between 2011 and 2021.
- The rate fell almost 12% for people aged 30 to 35.
- The rate fell almost 9% for those aged 34 to 39.
The current cohort of property purchasers is facing among the most formidable headwinds yet.
Author's summary: Young people face significant challenges in buying a home.