Newcomers are buying homes faster as Canadian-born ownership rates decline: StatCan

CTV: The findings, released Tuesday by StatCan, examined how immigrants admitted as permanent residents between 2017 to 2021 progressed toward homeownership in their first five years after arriving in Canada.

…In Ontario, the homeownership rate among immigrants in their fifth year after admission climbed from 35.7 per cent in 2018 to 40.2 per cent in 2021.

During the same period, the rate among Canadian-born residents aged 25 to 54 fell from 50.7 per cent to 47.8 per cent…

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