4 ms·
Doesn't the 70% ownership stat include those living with their parents? I have friends at 30 who still live with their parents.
by glouwbug 5y ago
Doesn't the 70% ownership stat include those living with their parents? I have friends at 30 who still live with their parents.
- ipaddr 5y agoThose kids will get that house passed down to them.
- heyitsanewacco 5y agoLiterally my brother's retirement plan. Good luck to anyone who doesn't have a well off family!
- amscanne 5y agoI believe the 70% stat is from the census, and it would % of households. So it is possible that it reflects a higher % of kids not leaving the nest and renting something, but I also don't think its fully compatible with the narrative that Canadians are being squeezed out of housing (by foreigners) if the home ownership rate is higher than at any other time in history.
- refurb 5y agoGoogle Statistic Canada data which breaks it down by age group. Every age group, including the youngest (18-25) have a higher rate of home ownership than 20 years ago.