While looking on the internet over the weekend, I came across an interesting article on Canadian homeownership trends.
The article is based on the 2006 Canadian census, here are some interesting points.
· More than 2/3 of Canadian households own their home.
· Between 2001 and 2006, homeownership rose for all income groups
· More than half of lone-parent households headed by women owned their own home
· Condominiums have become increasingly popular in recent years
· Head of the household is 25 to 34, 46.9% were homeowners with mortgages
· 35 to 44 age group, 58.2% were homeowners with mortgages
· 45 to 54 age group with mortgages dropped 49.8% as mortgages were paid off
· Starting at age 55 mortgage-free homeownership was most common
· Immigrants to Canada generally become homeowners, by the time they have been here 6 to 10 years, 66.7% are homeowners.
To read the full article visit Realty Times. For help with all your real estate needs, contact us today, we would be happy to assist you! Domenic Manchisi
