Skip to content
aDiamondMortgage
Menu
  • Welcome
  • Mortgage
    • Purchase
    • Refinance
    • Equity
    • Reverse
    • Commercial & Alternative
  • Resource
  • About
    • Terms Of Use
    • Privacy Policy
    • Cookie Policy (CA)
  • Contact
  • Realtors
  • Application
Menu

Renters in Canada are three times more likely to be in need of adequate housing than owners

Posted on 2020-12-01

At least 1.6 million, or 10%, of Canadian households were housing disadvantaged.

One of the survey’s starkest findings showed that renter households were more than three times likely to be housing needy than owner households. PHOTO BY POSTMEDIA

Apartment dwellers, persons living alone, renters and visible minorities are more likely to be housing disadvantaged in Canada, according to data released by Statistics Canada in early October, which has identified cohorts whose core housing needs are being increasingly unmet.

The Canadian Housing Survey (CHS), sponsored by Canada Mortgage and Housing Corp. (CMHC), collects information on housing adequacy and affordability and found that at least 1.6 million, or 10 per cent, of Canadian households were housing disadvantaged. (The survey, which will be conducted biennially until 2028, used data collected in 2018.)

Households living in inadequate (requiring repairs), unaffordable and unsuitable (crowding, not enough bedrooms) dwellings are deemed in core housing need if they cannot afford an alternative home in their community that is adequate and suitable. Thus, the housing disadvantaged are those who are unable to find any housing commensurate with their circumstances.

MORE ON THIS TOPIC

The road to housing affordability is paved with more housing constructionHas COVID-19 killed the condo star? At the moment, the news for condominiums isn’t goodWant to dodge the debt cliff? Extend mortgage deferrals until the job market recovers

Almost one in four renter households (23 per cent) lived in a dwelling that did not suit their family size or budget. By comparison, only 6.5 per cent of owners were considered housing disadvantaged. Among renters, a greater proportion of those living in social and affordable housing was in core housing need (33 per cent) than other renters (21 per cent).

Differences in demographics, incomes, structural types of housing and other attributes explain why large differences exist between owners and renters. Consider that renter household incomes, on average, are less than those for owner households.

Differences in income dictate choices about the structural type and tenure of housing. For example, almost 70 per cent of renters in social and affordable housing occupied an apartment, compared to 46 per cent of other renters.

Similarly, certain demographic traits influence or partially determine the economic well-being of households. Race, marital status and household size are strong determinants of household income, which, in turn, influences the adequacy of a household’s dwelling. A breakdown by race revealed that racial minority households (14 per cent) were twice as likely to be housing disadvantaged than others.

Complimentary Hotel Stays Are here!!!

Would you like a complimentary hotel stay? Some locations are:

  • Bali, Indonesia – Hotel Rooms 8 days and 7 nights
  • Bangkok, Thailand – Hotel Rooms 5 days and 4 nights
  • Cabo San Lucas, Mexico – Hotel Rooms 5 days and 4 nights
  • Cancun, Mexico – Hotel Rooms 6 days and 5 nights
  • Dubai, United Arab Emirates – Hotel Rooms 5 days and 4 nights
  • Las Vegas, NV – Hotel Rooms 4 days and 3 nights
  • Phuket, Thailand – Hotel Rooms 8 days and 7 nights
  • Puerto Vallarta, Mexico – Hotel Rooms 6 days and 5 nights

We have teamed up with GiveAwayVaca.com to offer our clients and our realtor clients complimentary hotel stays around the globe. Simply complete your mortgage of any type with us and choose your location.

Please Note:
– Clients/users must pay taxes ~$35.00/night.
– All information may change without notice.

Mortgages-101

Selecting a mortgage is one of the biggest – and most stressful – financial decision made by many Canadians. But a clear understanding of a few basic terms and concepts can help allay some the anxiety. Here’s a primer on the basics of mortgages, along with insights into the current market.

  • more...MORTGAGES-101

Archives

Tags

Affordable Housing Alberta Banks BC Black Homeownership BOC Calgary Canada Canadian home prices CMHC Commercial Condo COVID COVID-19 Credit Credit & Debit Debt Default Deferrals Economist Economy Equifax Government Homebuying Homeownership House Housing Canada Inclusive Interest Rates Investment Mortgage Mortgage Tips OSFI Pre-Approval Price Private. Alternative Purchase Purchase & Down Payment Real Estate Refinance Revenue Taxpayers Toronto Underwriters Vancouver

Archives

  • October 2023
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020

Sections

  • Mortgage
  • Economy
  • Banks
  • BOC
  • Government
  • Underwriters
  • Commercial
  • Revenue
  • Investment
  • Purchase & Down Payment
  • Credit & Debt
  • Real Estate
  • Inclusive
  • Mortgage Tips
  • All News Topics
  • To Top

Tools

  • Terms of Use
  • Privacy Policy
  • Cookie Policy

About Us

  • Contact Us
  • Feedback

Follow Us

  • Facebook
  • Twitter
  • Instagram
©2023 aDiamondMortgage | Design: Newspaperly WordPress Theme
Manage Cookie Consent
We use cookies to optimize our website and our service.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}