Despite housing affordability concerns across the country, homeownership rates in Canada remain among some of the highest in the world.
As of 2016 (the most recent data available), Canada boasts an overall homeownership rate of 67.8%, down slightly from a peak of 69% in 2011, according to research from RBC Economic Research. Comparatively, the U.S. has a homeownership rate of 63.4%.
Even for those aged 35 and under, more than 40% of households own their own homes.
“We take issue with the notion that Canada has a homeownership problem,” reads the RBC report. “…the proportion of all Canadian households who own a home is one of the highest among advanced economies.”