Statistics Canada will release its latest 2021 census report on the housing landscape in Canada this morning.
House prices rose significantly between 2016 and last year, prompting widespread concerns about affordability.
But this year, prices have fallen dramatically due to rising interest rates.
Mike Moffatt, an assistant professor at Western University’s Ivey School of Business, says he’ll be paying close attention to what the data says about youth homeownership rates.
Today’s release also focuses on Indigenous peoples, including population growth figures and information on languages spoken at home.
The data will also shed light on on- and off-reserve housing conditions for Indigenous communities.
This report from The Canadian Press was first published on September 21, 2022.