One-Third Of Canadian Renters Say
Homeownership Remains A Dream For Some
Canadian renters’ sentiments regarding homeownership – many waiting for prices to drop further, while some have given up on the idea entirely, according to Royal LePage’s 2025 Canadian Renters Report. Tenants may now be in a better position to secure rentals with more space, upgraded amenities, or more desirable locations, often at more competitive prices.
With rents and home prices still well above ideal levels, the report finds that around a third of Canadian renters say they do not have plans to purchase a home. Of those respondents, the majority (53%) cited inadequate income as the main reason for their inclination.
At the same time, more than half (54%) said they do have plans to purchase a home, made up of 16% that say they plan to do so within the next two years and 21% with plans to buy in the next two to five years.
In Canada’s least affordable cities, entry-level opportunities have improved significantly – still, many renters – including the 40 per cent who told us they’re holding out for further price declines – are choosing to wait.
Full Read:
- Storeys – https://storeys.com/one-third-renters-dont-buy/