Housing affordability just worsened for a growing share of Canadians, new data from Statistics Canada shows.
Nearly one in four (23.2 per cent) Canadian households were living in unaffordable housing in 2024, compared to 22 per cent in 2022, Statistics Canada said in a report on Monday.
Statistics Canada defined households living in “unaffordable” housing as those that spent 30 per cent or more of their income on shelter costs.
Renters (33.7 per cent) were more likely than homeowners (17.4 per cent) to live in unaffordable housing, the report said.
In 2024, more than one -third (36.6 per cent) of all households in Canada were homeowners with a mortgage, while 27.8 per cent were homeowners without a mortgage.
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Another 31.3 per cent were renters in the private market.
Affordability worsened for homeowners with a mortgage as well, with more than one-quarter (26.1 per cent) of living in unaffordable housing, up from 23.6 per cent in 2022.
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Higher mortgage rates following the lows during COVID-19 pandemic meant many homeowners renewed their mortgages at high rates in 2024, with more than one in three (36.2 per cent) of homeowners with a mortgage reporting financial difficulty due to mortgage costs.
This was up 7.9 per cent compared to 2022.
Among renters, those who moved houses faced higher costs compared to those who stay put. The average monthly rent for those who had moved within the past two years was $1,740 a month in 2024, compared to $1,290 for those who had lived in their current home for more than two years.
Those who moved recently were more likely to face unaffordable housing, with 40 per cent living in unaffordable housing compared to 32.2 per cent among sitting tenants.
Canadians need to stop treating housing like an investment, it’s just not. Private landlords are parasites, feeding off those of us that work for a living – sucking us dry. And they’ll keep doing it until the whole house of cards collapses, because why would the government reign them in? Most MP’s and MPP’s are landlords themselves. It’s unacceptable.
Liberals need to be wiped off the face of the earth
No kidding, you’s just opened your ears, how much of our tax dollars are going into this survey. ?
I share a suited house with my mom. Co owned. I work 5 days in a month and my bills are paid
@Mohammed G. Bangladesh can help by keeping their starving Islamist trash at home and out of Canada
A lot of Canadians are homeless junkies too. Liberals have done an excellent job over the last decade+
But our economy is the best in the G7! Yup, elbowz up idiots.
Can we have a more accurate % by also including the waitlist?
but but but…
“ElBoWs uP eVerYOne!”
“MUsLim VaLUes aRE cANadiAN VALueS!”
“YouNG PeOPle NeED to bE PrePAReD tO maKe SacRIFicEs”
Brainrotted libs voted for this, drown in your own debt for all we care.
I have a cushy job so I get to watch the green hair liberal baristas suffer from my apartment patio. Virtue comes at a cost huh, conservatives are the ones that actually work throughout the week so we are gonna be okay..
Maybe if all the libs start dipping into the government drug party packs then we can dwindle the numbers enough to get the reigns of this country again.
Cities limit housing to drive up prices so they are taxed higher claiming that urban sprawl is bad. But we live in the second largest country in the world?
I’m old enough to remember my aunt and uncle buying a house for $12,000 in the 1970s. Housing has risen way faster than inflation thanks to government policies at all levels of government
Maybe countries like Bangladesh could send International Aid to Canada to help with the homeless and hungry?
How many people will lose homes because of greed? How many will starve because of greed? This is your Liberal Canada! Brought to you by Carney and his fascist friends. Never mind Trump. Carney has Canada against the wall and is beating the money and sovereignty right out of us.
He is our biggest menace right now. He and the media are using Trump as a huge distraction while Carney disassembles Canada one business at a time, one sector at a time. This is all truth Global. No swear words, no name calling just bald truth.
You censor it and for sure, your news site is a fascist propaganda wing of the Liberals and no more. Just like big brothers CBC and CTV.
Absolutely sickening what is being done to this continent by two evil men. JUST TWO! AND WE CANT TOUCH THEM!
The day they are both dead will be a good day. The best day since I got divorced.
Its unaffordable only because liberals intentionally tanked our economy so Carney could implement extraordinary measures that profit him.
I wonder what caused this…
After almost 12 years of Liberal incompetence, of which Carney was an integral part, first as Trudeau’s advisor and now as PM, it is no surprise to find that what we have been shouting about, unaffordability in housing, has been confirmed by Stats Can. Yet people still fall for Carney telling them that they have never had it so good. WAKE UP to the lies.
After 2 years of Carney and this Liberal government the housing situation is no better. In Kelowna BC there are lots of empty apartments but they are too expensive so they are giving deals for the first couple of months to try and get people to rent
@Nichole Gaudteau,
We are seeing the same thing in NB, yet idiots here keep voting the same. Houses went from $180k to $500k in on year, and $500-800k houses and awful apartments are popping up everywhere. Every older apartment building has renovicted their tenants and doubled their prices.
Locals have been pushed to the slums and outskirts while the inner cities are now India/Africa. The newcomers are fine with it all, because they have 11 people in a single $2500/month apartment. The crime is the highest we’ve ever seen. The rest of us that want to live alone or as a couple simply can’t afford this place anymore. Our entire society and standards of living have been disrupted. My parents house insurance doubled and their tax went crazy, as their property value increased from $79k to $450k.
This is news, been like this a looong time!
YEAH !!! ASK CORNHOLE CARNEY IF HE GIVES A F/ K ???
Jennifer. Yes its Ford creating a nationwide problem. Let me guess, you blame him for hospital wait times in British Colombia.
Here in Niagara Falls Canada our rents have doubled due to an influx of newcomers to our city that have gotten every piece of property businesses and homes have redone them and have doubled the price a one bedroom used to be $800 and that would be like all in now it is 1400 for one bedroom 1600 for one bedroom some of these are plus Hydro they’re also being charged a $25 parking for the month which is outrageous not only has the apartments and rental units gone Sky High so has our commercial properties from $1,500 for a 900 square foot Place upwards for the same place influx of newcomers they bought and everything Niagara Falls is now India straight up India I call it actually India Falls every restaurant is of Indian food every business is Indian to the housing and like I said it’s really bad as well as they’ve been doing uncertified Contracting places and charging astronomical prices people are suffering further than they were before I actually House people in my home voluntarily I have five people in my home at current time because it is outrageously too high for them to live anywhere and to have first and last and everything or do you keep the bills up that please call me 905-325-6070 I have this new story for the city of Niagara Falls is this huge as well as a wide range of other stories that need to be told I need to get these out ASAP I need somebody to call me as soon as possible and it’s imperative that kind of state of emergency to which I brought to the city of Niagara Falls City hall. It’s massive it’s huge
If 22+% are doing it what does that imply?
Yes we do live in unaffordable housing, and we have politicians like Doug Ford to thank for it. People on odsp can’t even find affordable housing, cause too many landlords discriminate against us or our their apartment rental prices so high that we can’t afford it. Or they hire property management companies like orange list who don’t even respond to your requirements to view and apply for apartments. We need better solutions from our political leaders
BUT POLES SUGGEST CANADIANS SUPPORT LIBRIALS 90% BECAUSE CANADIANS LOVE BEING POOR ,LIBRIALS ARE DOING SUCH A GREAT JOB GIVING AWAY 25.5 BILLION TO FUND THE UKRAINE WAR. AND MASS IMMAGRATION . CAUSING HIGH INFLATION AMOUNG OTHER GREAT THINGS
Lost Liberal Decade
Silly Canadians voting for a decade of Sunny Ways economic rot, then doubling down on Carney who economically advised Trudeau into the cesspit Canada is today, has consequences, But let’s Elbows Up and blame Trump anyway.
Welcome turds to cunada, the toilet bowl of the planet
I heard GREENLAND is a nice place to live haha.
Thx Carney and the Liberal government and all the mindless supporters like Ben.
Keep voting Liberal Elbows up.
Gee, maybe the liberals ever-escalating carbon, plastic, & packaging taxes have something to do with this.
It’s likely worse than just 1 in 4. A lot of working poverty goes unnoticed by the government. The problem is greedy landlords who reno-victed so many people during Covid and spiked the rent prices, house flippers and real estate agents that doubled house prices, and greedy employers who love their sports cars and big houses but don’t want anyone else to have anything nice. People are working minimum wage at jobs that should be north of $30/hr.
Elbows Up. Keep voting Liberal for more unaffordability,government control,failed promises and policy