by a two-to-one ratio, renters account for most of the recent growth, the report said. In the past 10 years, rentership increased by 22 per cent or 876,000 households, while homeownership increased eight per cent or 770,000 households.
Baby boomers surpassed millennials as the fastest-growing group of renters between 2011 and 2021, according to the report. What’s fuelling the rental demand? The report points to the country’s demographic trends, which include risingImmigrants represent a disproportionately high share of rental households and Canada’s rapidly growing immigration targets, rising to more than 401,000 in 2021 from 250,000 in 2011, have significantly boosted the demand for rental housing. The report said 56 per cent, or 640,700 of the one million recent immigrants living in private dwellings, were in rental housing in 2018.
Another factor is that more Canadians are choosing to live alone and represented almost 30 per cent of all households last year. Single people overtook married couples in 2016 as the most prominent household type. Many of these individuals end up renting because the high cost of homeownership often requires two incomes.
Isn't that what the WEF wants? 'No one should own anything.'
Or a nation of slaves living in boxcar camps eating bugs. Mainstream media will keep getting bailed out.
Isn't this the plan? Orchestrated by Trudeau’s Freeland and Liberal Government. Following orders WEF
Another failure of our Trudeau government, The dream is over for young people and the nightmare has just begun. Thanks Justinflation
How about homeless due to inflation and the rate of rent is ridiculous
'nation of renters'---it already is. Who the fuck can afford a home these days in Canada?
The WEF plan in a nutshell
a nation of renters maybe the rich the other folks are struggling with homelessness or close to being homeless and food insecurity
😆 'You Will Own Nothing And Be Happy'
Maybe it’s time to help Canada instead of taking and selling it elsewhere?
Klaus Schwabs Puppet is working perfectly for him. You will own nothing and be happy
Exactly as in USSR 😍😍😍
It happend before , post war and into 70s.. many in UK and Eorope never had any hope of owning their own houses..
Remember there are rent controls. If the landlord can't collect enough rent to maintain the property those highrises will quickly deteriorate into slums
Hey, Noella Ovid, so you own or rent?
How can you say that? Isn’t pee pee going to fix everything?
You will be owned (by a very small handful of elites) and you will be happy.
Own nothing and deal with it
You’ll own nothing and you’ll be happy
Obviously.
Hmm, now where have I heard that before…
No,nation of TENTERS.Rents skyrocket due to a supply-DEMAND imbalance.Liberal's ultra-aggressive 500k/yr immig.rate ensures it will worsen. DEMAND side is easiest to fix,but no politician dares call out Trudeau on his immig policy creating humanitarian disaster. 'Happy Camping'
Someone has to own the housing.
Even rent is becoming impossible
That's because money laundering through real estate will guarantee those apartments stay in foreign (chinese) hands, and will be rented by Canadians and migrants who cannot afford to buy the 1.8 million $ bungalow.
My fellow Canadians, leave the country. I've been out now for 2 years. The country is not worth saving. Let it collapse to the bottom and then return. The country has lost its mind in every possible way. If you're hard working and smart there's nothing here for us. Just leave.
Of course. Giant corporations will swoop in like vultures to gobble up all the real estate people can no longer afford. 'You will own nothing, and you will be happy.' Straight out of the Great Reset playbook.
Yes when you bring millions of people through the mass immigration we will be a nation or renters, gethos, third world Healthcare, and favelas with infrastructure falling appart. Nevermind, more voters for Liberals and NDP.
Covid provided a great opportunity for a reset.. - Justin Trudeau You will own nothing and be happy - WEF
Abolish private property! ✊
Yes, that's because we've cultivated a market that favours real estate investors who outbid families wanting to buy a home, then flip them to rentals.
Thanks Dr Justin the violent discriminator Trudeau hopefully you can get your medically assistance in dying program going faster so the government can sue everybody and fix the housing crisis the healthcare crisis the homeless crisis provide for our veterans
isn't that the plan?
It seems that is the goal of the WEF, 'you will own nothing and be happy' ... seems like there should be an 'or else' at the end of that. TrudeauIsDestroyingCanada
totally not planned
over priced rent from landlord parasites you guys are the bestest! millennials centerwing radiofreecanada *hire a journalist
Right. You'll own nothing and be happy
Your house is what the government is coming after. It's the biggest arena of personal wealth left in Canada.
You will own nothing? But be happy.....
You will own nothing and be happy.
You will own nothing... Not a conspiracy theory anymore
And history repeats itself: when you rent and own nothing, you are at the mercy of your landlord and the government.
That was the plan... 🤷🏼♂️🤦🏼♂️🤪
Only if the liberal - ndp stay in power 🤷♀️🤷♀️😒
Perfect scenario for the govt. It wants to own all the land and have citizens just renting.
By design!
Welcome to Trudeau's Canada. To avoid this fate, vote against the left.
All house will be owned by Chinese. Great nation!
That precisely fits with the WEF has in mind for us. You will own nothing and be happy.
Luckily with all those high paying jobs in the oil and gas industry will help pay…oh never mind.
'You will own nothing and be happy.' I don't know how they can guarantee the second part, but the first is always easy to achieve. Has been done by countless tyrants throughout history.
yes all the immigrants
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