British Columbia is leading the country as the province with the highest rate of unaffordable homes.
Statistics Canada data published Wednesday from the 2021 census said B.C. is the most unaffordable province for housing in Canada, due largely to the number of people paying high rents to live in downtown Vancouver.
The data pegged B.C.’s unaffordability rate at 25.5 per cent, with Ontario next at 24.2 per cent.
Canada’s home ownership rate fell overall to 66.5 per cent in 2021 from its peak at 69 per cent in 2011.
Statistics Canada said B.C. posted the third-largest home ownership decline from 2011 to 2021, to
This story was originally published on CBC News. To read the rest of this news worthy story, please visit https://www.cbc.ca/news/canada/british-columbia/bc-highest-rate-unaffordable-housing-canada-census-data-1.6590005?cmp=rss.
