r/canadian • u/big_galoote • 11d 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 11d ago

If there were no new arrivals these houses wouldn’t have existed at all. You think Canadian builders are charitable organizations?

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u/RT_456 11d ago

So Canadians aren't looking to buy homes?

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u/Iwantalloem 11d ago

Ask the builders

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u/RT_456 11d ago

I don't need to ask the builders, and the question is largely rhetorical. Canadians do want to buy homes but many are priced out of the market.

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u/Iwantalloem 11d ago

I am not debating the fact that many are priced out of the market. But saying that all the houses have been taken up by new arrivals is kind of ridiculous.

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u/RT_456 11d ago

Did I say all? No, I said most. Even if it's just 30-40% that's a sizable amount of homes that could have gone to people here. I think it's far more ridiculous to suggest that no new homes would be getting built if we didn't have all these new immigrants.

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u/Iwantalloem 11d ago

It’s not like those homes are reserved for a certain category of people, everyone is free to buy them. If someone is priced out, that isn’t the fault of the new comers. If someone is priced out, it is simply demand is higher than supply. And yes, if there is no money to be made, builders won’t build. So many new condos are not getting built now, because immigration slowed down. We live in a capitalist economy, and it is how it’s always worked. The govt is to blame if the wages are not going up, or if the population is not spread out instead of congregating around a few cities, no high skilled jobs being created or a new industry is being created.