June 23, 2015

Newcomers — Homeownership Rates of Immigrants Rise Over Time

In 2011, homeownership rates for immigrants were higher the longer they had been in Canada, presumably because of the time required to gain a solid footing in the labour market and to build up savings and a good credit rating. Households with immigrant maintainers who came to Canada from 1996 to 2000 and from 2001 to 2005 had much higher ownership rates (66% and 59%, respectively) in 2011 than newcomers.

Figure 6-13: Homeownership rates, immigrant and non-immigrant households, Canada, 2011

Immigrants by year of landing % of households owning homes
All households 69.0
Non-immigrants 69.6
All immigrants 68.8
Before 1986 79.4
1986 to 1995 68.1
1996 to 2000 66.4
2001 to 2005 58.7
Newcomers 36.5

Households grouped based on the immigrant status of the primary household maintainer.
Newcomers in 2011 — immigrants who landed between January 1, 2006 and May 10, 2011 (Census Day).

Source: CMHC, adapted from Statistics Canada (National Household Survey)

Learn more about Newcomers in the 2014 Canadian Housing Observer



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