Homeownership Rate Continues to Rise in Canada and Québec

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According to the results of the latest National Household Survey (NHS) published by Statistics Canada in September, 9.2 million Canadian households owned their dwelling in 2011, representing 69 per cent of the total number of Canadian households. This rate is similar to the 68.4 per cent rate observed in the previous survey in 2006. The rate was 65.8 per cent in 2001.

In Québec, the homeownership rate was below the national average, as only 61.2 per cent of the total number of Québec households (2.1 million) were homeowners in 2011. Similar to Canada as a whole, this is also a slight increase, as in 2006 60.1 per cent of Québec households were homeowners. This rate was 57.9 per cent in 2001. Despite this increase, Québec continues to have the lowest rate of homeownership among the ten provinces.

Of Québec’s six census metropolitan areas (CMAs), Gatineau recorded the highest rate of homeownership with 67.9 per cent of households owning their home in 2011. The Saguenay CMA posted a rate of 64.1 per cent, while the Québec City and Trois-Rivières CMAs registered a homeownership rate of 59.7 and 58 per cent, respectively. Finally, the areas of Montréal and Sherbrooke registered the lowest homeownership rate of the six CMAs in 2011, at 55 and 54.9 per cent, respectively.

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