As homeownership plummets, young Canadians are moving in with family: poll - National | Globalnews.ca
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Some 26 per cent of Canadians aged 18 to 34 own a home today, down from 47 per cent in 2021, according to new Scotiabank polling released Tuesday.

Young Canadians are holding fast to the dream of buying a home, even as overall rates of ownership are falling sharply, according to a new poll released by Scotiabank Tuesday.

The polling shows a steep decline in young homeowners over the past three years as housing unaffordability issues dogged would-be buyers. Some 26 per cent of Canadians aged 18 to 34 own a home today, down from 47 per cent in 2021, according to the poll.

At the same time, 29 per cent of respondents in that age group reported they were living at home with parents or family, up nine percentage points from three years ago. The number of renters was similarly higher among youth, up to 43 per cent from 29 per cent in 2021.

  • Flying SquidMEnglish
    20•2 days ago

    Home ownership plummets? That’s not what I’ve heard. Corporations seem to own every home they can buy, and they buy them in bulk.

    • CyborganismEnglish
      23•2 days ago

      In Montreal, about 0.1% of the people own about 30% of the properties. Most of them are rich property investors. Many of which are real estate agents, too. They own the market.

      • @[email protected]English
        3•1 day ago

        As far as large cities in Canada go I was under the impression Montreal is among the more affordable ones too, so for the most part it only gets worse.

    • @[email protected]English
      2•2 days ago

      Obviously houses are owned by someone, either people, corporations, public entities. Home ownership usually refers to the share of people owning the homes they live in.

      • Flying SquidMEnglish
        6•2 days ago

        I was being sarcastic. Obviously they aren’t talking about corporate home ownership.