Last updated on September 15, 2021
From Canada’s last census in 2016, homeownership rates were 67.8%. This means almost 7 in 10 Canadians were homeowners. Now, as of June 2021, total investment in building construction reached $18.4 billion, and building permits reached $9.9 billion in July. More interestingly, in Vancouver and Toronto, as many as 1 in 5 homeowners own more than one property.
With this in mind, in partnership with JustCompare, Caddle wondered: Who are these homeowners and how are they financing their homes?
I Am Buying A House
Caddle asked our Daily Panel whether they plan to purchase a house in the near future. Majority of those looking for a mortgage currently are within the younger age groups. This aligns with insight from J