Canada to ban foreigners from buying homes

Re:Canada to ban foreigners from buying homes by glouwbug on Thursday April 07, 2022 @02:08PM (#30948217)

Doesn't the 70% ownership stat include those living with their parents? I have friends at 30 who still live with their parents.

[ Parent | on HN ]

Re:Canada to ban foreigners from buying homes by amscanne on Thursday April 07, 2022 @07:30PM (#30951571)

I believe the 70% stat is from the census, and it would % of households. So it is possible that it reflects a higher % of kids not leaving the nest and renting something, but I also don't think its fully compatible with the narrative that Canadians are being squeezed out of housing (by foreigners) if the home ownership rate is higher than at any other time in history.

[ Parent | on HN ]

Re:Canada to ban foreigners from buying homes by refurb on Thursday April 07, 2022 @11:15PM (#30952970)

Google Statistic Canada data which breaks it down by age group.

Every age group, including the youngest (18-25) have a higher rate of home ownership than 20 years ago.

[ Parent | on HN ]

Re:Canada to ban foreigners from buying homes by ipaddr on Thursday April 07, 2022 @02:27PM (#30948487)

Those kids will get that house passed down to them.

[ Parent | on HN ]

Re:Canada to ban foreigners from buying homes by heyitsanewacco on Thursday April 07, 2022 @02:52PM (#30948806)

Literally my brother's retirement plan. Good luck to anyone who doesn't have a well off family!

[ Parent | on HN ]