The notion that homeownership creates advantages for families and individuals is not new. The benefits of owning a home have been the subject of numerous surveys, analysis, and research for decades.
While Canadians may be familiar with the financial benefits—homes provide a chance for owners to build equity and are a major source of wealth for millions of households across the country—they may not be as familiar with the non-financial benefits of homeownership. These include a wide array of civic, educational, health, and socio-cultural benefits to one’s family and the broader society
By examining data and research from Canada, the United States, Europe, and elsewhere around the world, CREA has authored “The Homeownership Dividend for Canadians” showcasing the contributing factors to, and outcomes of, the widespread positive effects of homeownership.
Read on to learn about what the “homeownership dividend” means for Canadians.
To learn more and discover just how far the benefits of homeownership reach, check out the white paper.