Recent immigrants are buying homes faster as Canadian-born ownership declines: StatCan (opens original article in a new tab)

Recent immigrants in Canada are becoming homeowners at a faster rate than Canadian-born individuals, with homeownership rates for immigrants rising while those for Canadian-born residents decline, according to a StatCan report.

• Recent immigrants in Canada are buying homes faster than Canadian-born individuals, according to StatCan.
• In several provinces, economic-class immigrants had homeownership rates comparable to Canadian-born individuals by their fifth year in Canada.
• Immigrant homebuyers had higher mortgage debt and purchased more expensive homes than Canadian-born buyers.