Thursday, June 25, 2009

Home Ownership Up

The London Free Press reported that Canada has become a nation of home owners, according to a new report by Scotiabank, saying 68.4% of Canadian households owned their own homes in 2006 and the number likely edged up even further in 2007. That is up from 63.6% that owned their own homes a decade earlier. As well 9% of Canadian households own a second home, such as a cottage, resort condominium or other vacation residence, up from 7% in 1999.

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