Quote:
Originally Posted by timun
On the contrary, historically home ownership was much lower than it is now. In Toronto home ownership peaked about 15 years ago, a shade under 70% ( source). In the late 19th century the rate was less than 30% ( source, see Table 1 on page 11; PDF). For the first 300ish years of European settlement of what we now call Canada, home ownership was overwhelmingly concentrated in the hands of wealthy landlords. |
You need to take into account ownership vs age. Millennials, who are the ones largely having children now, have very low ownership rates:
https://www.zoocasa.com/blog/canadia...ational-guide/
The younger you get, the more affected by increased housing prices you are, with home ownership rates actually increasing, over the last 10 years, for those aged 75-84.