Housing costs crippling major Canadian cities

Housing costs crippling major Canadian cities

Canadians priced out of major housing markets are moving to smaller cities In Canada’s metropolitan cities, people are failing to find and keep affordable housing. Some have given up entirely – by moving to smaller communities. New Statistics Canada data shows more Canadians are renting as home ownership rates decline. Census data from 2011 to 2021 show the number of renter households increased by 21.5 per cent, more than double the increase in homeowner households at 8.4 per cent. The …