Home ownership rates in Canada down as market “locks out” younger generations

New Canadian census data is shedding light on some housing and affordability trends. It’s revealing the rate of home ownership is declining in Canada.

The home ownership rate across the country fell to 66.5 per cent in 2021, which is down from nearly 70 per cent in 2011. In fact, young people aged 25 to 29 saw the biggest drop, from 44 per cent to 36 per cent.