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submitted 6 months ago by booja@booja.ca to c/canada@lemmy.ca
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[-] sbv@sh.itjust.works 1 points 6 months ago

Apparently it's 63% of Canadian families:

  • In 2016, 63% of Canadian families owned their homes, up from 60% in 1999. Almost all of this increase was because of population aging, given that families in older age groups are more likely to own their homes.

other fun facts:

  • From 1999 to 2016, mortgage debt represented two-thirds of the overall increase in debt for Canadian families, while consumer debt made up the remainder. In recent years (2012 to 2016), mortgage debt was responsible for 100% of the increase in total debt.

  • From 1999 to 2016, the median amount of mortgage debt among Canadian families with a mortgage almost doubled, from $91,900 to $180,000 in 2016 constant dollars. The amount of mortgage debt increased in nearly all demographic groups and in almost all regions of Canada.

I think the stat remains sort of relevant.

this post was submitted on 11 Apr 2024
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