this post was submitted on 20 Nov 2023
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I certainly agree. Seeing as all property values skyrocketed in the past few years, those whose homes are now worth $1 million only kept up with everyone else.
Seeing as over 60% of Canadians own their home, that means that the rise of property costs merely widened the gap between those that own and those who rent. While the rise of property costs certainly isn’t a good thing, those who own property realistically aren’t any better off than they were before.
What's the statscan definition of homeowner? Aren't myself and my partner considered owners because we live with my parents in their house, so there are 4 "homeowners" living in the house.
I could be wrong but I remember reading what they consider a homeowner does not match what common sense says it is. Please point me in the direction of something if I'm wrong, I've tried looking but can't find anything.
That’s a great question, and I can’t seem to find an answer. I got my information from stats Canada, but I can’t seem to find how they define a home owner.
Looks like it's people who report ownership on their taxes, i.e. legal owners. So either one or both parents would be a "homeowner", depending on whether it's singly or jointly owned, but other adult tenants wouldn't be (unless they were partial owners).