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.
No, you are absolutely becoming renters of everything. Your cars, houses, appliances, climate control, phone, computer, everything. Its all right in their docs. Oh and twitter staff left overs, Im monitoring and logging your deranking and shadow bans of me
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