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Fewer young Canadians own a home, but majority plan to buy within five years, survey finds Debt Guru

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Fewer young Canadians own a home, but majority plan to buy within five years, survey finds Debt Guru

The 2024 Scotiabank Housing Survey indicates that the number of Canadians aged 18 to 34 who own a home has decreased to 26% today, compared to 47% in 2021. Around 29% of people in this age group now live with their parents or family, compared to around a fifth of those surveyed three years ago. … Read more

Latest StatCan wealth survey shows stark disparity between homeowners and renters Debt Guru

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Latest StatCan wealth survey shows stark disparity between homeowners and renters Debt Guru

The survey, conducted every few years, shows that homeowner families whose main income earner was aged 55 to 64 and who received an employer pension had a median net worth of 1.4 million dollars in 2023. Renters without a retirement plan at that age group had a median net worth of $11,900. Homeownership was the … Read more