Home Ownership Rate in Canada decreased to 66.70 percent in 2023 from 69.30 percent in 2021. This dataset provides the latest reported value for - Canada Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In the presented European countries, the homeownership rate extended from 42.6 percent in Switzerland to as much as 95.9 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK, and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 20 euro area countries stood at 64.5 percent in 2024. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2024, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria, one of the most expensive European countries to buy a new dwelling in, the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets. Housing supply With population numbers rising across Europe, the need for affordable housing continues. In 2024, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible for heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.

Data on the number of residential property owners and their assessment value by ownership type, residency status and number of properties owned. As well as data on the number of resident buyers of properties sold in a market and a non-market sale, during the previous reference period, and data on the sale price of those properties sold in a market sale.

This statistic shows the homeownership rate in Toronto and Vancouver in 2018. In 2018, the homeownership rate in Toronto reached ** percent, which is one percent less than the Canada average.

Residential property estimates by geography, property type, period of construction and residency participation.

In 2018, seven in ten private households lived in a dwelling they owned in Canada. LGBTQIA+ households, on the other hand, were only ** percent homeowners, and for most homeowners had a mortgage to repay. In addition, *** percent of LGBTQIA+ households lived in subsidized housing, *** percentage points more than the rest of Canadian households. According to StatCan, the Canadian statistical institute, the LGBTQ2+ population is relatively young: people aged 15 to 24 make up ** percent of the LGBTQ2+ population, compared to ** percent of the non-LGBTQ2+ population. This would contribute to lower rates of homeownership among LGBTQ2+ households compared to all households, as homeownership rates tend, on average, to increase in older age groups.

Approximately 66% of households in Canada own their home, compared to approximately 34% of households that rent their dwelling. The highest provincial ownership rates were in Newfoundland and Labrador (78%) and the lowest in Quebec (58%). Nunavut at 24% has the lowest ownership rates in the country as more than the half of the dwellings are public housing. Home ownership is less in the larger metropolitan areas than in rural and smaller centres. Dwelling refers only to owner-occupied private dwellings, which do not include dwellings situated on farms, but can include owner-occupied dwellings situated on rented or leased land or part of a condominium. The map shows the percentage of households in each census division that rent their dwelling.

According to the 2006 Census, 68% of households owned their home up from 66% in 2001. In 2006, households in the Atlantic provinces continued to have the highest homeownership rates in the country, with Newfoundland and Labrador ranking first, at 78.7%. Households in Quebec had the lowest, at 60.1%. The map shows the percentage of households in each census division that own their dwelling.

Long-term projections for the total number of households in Canada, the provinces and territories up to the year 2036. Organized by type of tenure and rate of homeownership. These tables give housing professionals and researchers a look at the possible future of housing in Canada.

Residential property estimates by geography, property type, period of construction, property use and residency ownership.

This statistic shows the household penetration rate of central air conditioners in Canada in 2015 and 2017. The central air conditioner home ownership rate in Canada stood at ** percent in 2017, a **** percent increase from two years earlier.

Home affordability has worsened substantially in Canada since 2021. In the first quarter of 2025, the monthly single-family mortgage payment amounted to approximately 61.7 percent of a household's income, on average. In 2021, when affordability had improved slightly, the average mortgage payment constituted 46.5 percent of a household's income.

The average resale house price in Canada was forecast to reach nearly ******* Canadian dollars in 2026, according to a January forecast. In 2024, house prices increased after falling for the first time since 2019. One of the reasons for the price correction was the notable drop in transaction activity. Housing transactions picked up in 2024 and are expected to continue to grow until 2026. British Columbia, which is the most expensive province for housing, is projected to see the average house price reach *** million Canadian dollars in 2026. Affordability in Vancouver Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2023, the city topped the ranking for least affordable housing market in Canada, with the average homeownership cost outweighing the average household income. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices. Victoria housing market The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was *** million Canadian dollars in 2024.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Around ** percent of all Canadian households utilized smart home security cameras as of 2018. Smart security devices are a submarket of the broader smart home market, which aims to connect a range of appliances, gadgets, and entertainment devices in order to create convenient, easy to manage web of devices throughout consumers' homes. Smart security camera technology has been slow to catch on in regions like British Columbia and Atlantic Canada, which have ***** and **** percent household penetration rates respectively.

Data on the number of residential property owners by investor status, ownership type, number of properties owned and total income of individual owners who filed their T1 tax return form.

The house price to income ratio in Canada peaked in the second quarter of 2022, followed by a decline until the second quarter of 2025. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Canada's index score in the second quarter of 2025 amounted to *****, which means that house price growth has outpaced income growth by almost **** percent since 2015. Canadian home prices continue to grow House prices in Canada have steadily increased over the past decade, despite a very mild decline in 2023. This trend is forecast to continue until 2026, albeit at a lower rate than in the period between 2019 and 2022. In British Columbia, which has consistently been the most expensive province for housing, the average house price is expected to reach nearly *** million Canadian dollars in 2026. The rising homeownership costs have also affected rents. In 2024, the average two-bedroom apartment rent in Vancouver exceeded ***** Canadian dollars. Canadian incomes on the rise Incomes in Canada have steadily risen since 2000 and show no signs of slowing down in the near future. This should improve housing affordability, as long as home price growth slows down.

This statistic shows the percentage of Canadian households owning a dishwasher from 1998 to 2009. In 1998, **** percent of all households owned this piece of equipment.

Home video game consoles such as the PlayStation, Xbox, and Nintendo can be found in about ** percent of all Canadian households as of 2018. Alberta is the province with the highest penetration rate in the country, with over half of its residents having access to a video game console at home.

In 2024, Quebec had more senior housing units per 1,000 people over 75 years than any other market in Canada. There were *** units per 1,000 individuals in this age group, followed by Montréal CMA. The source adds that this is due to the province's tax credit available for support services for seniors.