Home ownership is often seen as a symbol of success and is linked to various life opportunities, like starting a family or growing your wealth. It’s also often seen as the ultimate housing goal, while renting is seen as transitional. Eventually, everyone is expected to climb up the housing ladder from renting to owning.
Promoting home ownership is therefore at the centre of housing policy in many countries, including Canada. As of 2021, 67 per cent of Canadian households owned their home.
