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That ratio is declining by the day as more and more join the renting class. Olivia Chow’s victory in Toronto is testament to that. She ran on increasing the vac
by hackly 3y ago
That ratio is declining by the day as more and more join the renting class. Olivia Chow’s victory in Toronto is testament to that. She ran on increasing the vacancy tax, making evictions more difficult, building 25k rental homes, etc. No wonder why the old guard like Ford and Tory tried everything to steer people away from her. But she still won. Speaks volumes of the changes in the demographics. It’s no longer 70% that are happy with the housing crisis I can tell you this much.
- acover 3y agoSeems remarkably stable to me: https://www.statista.com/statistics/198969/home-ownership-rate-in-canada-since-2003/#:~:text=About%20two%20in%20three%20Canadians,slightly%20lower%2C%20at%2066.5%20percent https://www.statista.com/statistics/198969/home-ownership-ra....
- joshlemer 3y agoThat doesn't really capture it though. Anyone who lives in a home which is occupied by the owner counts in this figure. So if someone in their 20s is unable to afford to live on their own and has to live with their parents, they will count towards this homeowner statistic.
- hackly 3y agoYou assume all homeowners are happy with the situation. That is definitely not the case. Many looking to upsize or thinking about housing for their kids are not pleased with the rising prices. And this crowd is growing too.
- acover 3y agoIt's not precise but it's a pretty good bet they prefer current prices turn 2010 prices.
- joenot443 3y ago25k rental homes over 8 years is a drop in the bucket when we welcomed 145k new Canadians in the first 3mos of 2023 alone.