Few regret leap to home ownership

But obstacles ‘dimming the dream’ for future generations

Thanks to strong equity gains over the past three decades, few regret the leap to home ownership, but obstacles are “dimming the dream” for future generations, as home-ownership rates decline nationally and in major markets, a new REMAX report finds.

“The findings confirm that home ownership continues to be the greatest driver of wealth, especially at the middle-class level. Each generation of Canadians homeowners – from baby boomers to Gen Z – has faced its challenges and obstacles,” says REMAX Canada President Don Kottick.

“Today’s trade barriers, high interest rates and stringent lending policies may be overwhelming, but this too shall pass,” he says. “Historically, dynamics evolve from recovery to expansion, peak to contractio