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Majority of Canadians who don’t own a home have ‘given up’: poll

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Despite a sizeable drop in home prices over the past year and a slew of federal government measures aimed at addressing housing affordability, a new poll suggests Canadians are no more encouraged about breaking into the housing market.

Some 63 per cent of Canadians who don’t own a home have “given up” on ever owning one, according to the results of an Ipsos poll conducted exclusively for Global News published Wednesday.

That figure is similar to a similar poll conducted a year earlier. The findings show that while 76 per cent of respondents felt that owning a home was the best investment a person can make, nearly seven in 10 say that home ownership is now only for the rich.

Read more: Am I ready to buy a home? Questions to ask before entering the housing market Younger generations (those aged 18-34) were most likely to agree that owning a home is a major accomplishment, but also that it was a privilege reserved for the wealthy.

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