Retirees taking a large chunk of the rental market
One third of Canadian households are renters. And although it’s a common belief that older people are big on property ownership, a key part of the renting pool are Gen Xers and boomers.
New census data released by Statistics Canada show renters by individual and by age, instead of household. In Vancouver and Toronto, 30 per cent of individuals over the age of 55 are renters.
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