Ever since Freakonomics, numbers and how they go together has fascinated me. Here are some numbers from the government, you can draw your own conclusions:
- Over 2/3s of Canadians own a homethe highest rate since they have kept track.
- Homeownership rose in all income groups, including the bottom 20%.
- Immigrants who have been in Canada for more than 40 years are more likely to own their home than Canadian-born people of the same age.
- More that 1/2 of lone-parent households headed by women own their home.
- There was a 36.5% jump in condo ownership since 2001.
- 10.9% of homeowners lived in condos, which is up from 9% in 2001.
- 3/4s of independent 24 year olds (or younger) were renters.
- 47% of households of 25 34 year olds owned a home with a
mortgage.
- 58% of the 35 44 year old households had a mortgage.
- That number dropped to 50% for 45 54 year olds as the mortgage was paid off.
- 60% of homeowners had a mortgage with Albertans topping the list. Owners in Newfoundland and Labrador were least likely to have a mortgage.
- Mortgaged property is at its highest rate since 1981.