Homeownership has become the primary way that Canada's middle class accumulates wealth. According to an analysis of census data from Point2 Homes, 88 of Canada's 100 largest cities saw their homeownership rate fall between the 2011 census and the 2016 census. Only a few of Canada's larger cities — Montreal and Saskatoon, notably — saw their homeownership rates rise in the most recent period. After all, Canada saw much worse recessions in earlier decades, and homeownership continued to grow all the same. The latest numbers from National Bank of Canada's affordability index, released this week, show how much more difficult it has become to buy a home in Canada in just the past year.

Source: Huffington Post September 08, 2018 17:26 UTC