Fewer Young Canadians Own Homes but Majority Planning to Buy Within Five Years: Poll

Fewer Young Canadians Own Homes but Majority Planning to Buy Within Five Years: Poll
New single family houses billed as estate cottages and townhouses under construction are seen in an aerial view, in Delta, B.C., on Aug. 12, 2024. The Canadian Press/Darryl Dyck
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A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five years.

Scotiabank’s 2024 housing poll says the number of Canadians between 18 and 34 who own a home has declined to 26 percent today from 47 percent in 2021.