Where does that 10 million come from? According to this older stat,
Quote:
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More than 9.5 million of the 14.1 million households in Canada owned their home in 2016, representing a homeownership rate of 67.8%.
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https://www150.statcan.gc.ca/n1/dail...429-1&indgeo=0
So that leaves 4.6 million rental households, but it would be inaccurate to say every one of them is looking to buy. Considering ~25% of seniors rent, I'd imagine a lot of them aren't looking to buy at this point in their life. So I'd suspect a more realistic number is closer to 2 million than 10.