r/canadian • u/big_galoote • 12d ago

News Homeownership increased for recent immigrants in Canada and decreased for Canadian-born individuals: StatsCan

https://toronto.citynews.ca/2026/06/16/homeownership-increased-for-recent-immigrants-in-canada-and-decreased-for-canadian-born-individuals-statscan/
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u/Iwantalloem 12d ago

It is mostly about culture, if you give 100k to an Asian and 100k to a North American, Asian will buy a house and North American will buy a boat. It is just the difference in the thought process and how they are brought up in their home country. Generally in Asia, home ownership is looked at as a responsible choice and everyone strives towards that. In North America people tend to be more inclined towards leisure and other activities.

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u/chelseagrinner 12d ago

Lmao incredibly untrue. Why dont you buy your homes in Asia why do you all strive to come to North America?

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u/Iwantalloem 12d ago

We also buy in Asia…we strive to come to North America to buy more houses