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Canada sees record number of renters as millions locked out of housing market

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According to a new report by RBC, Canada has seen a record number of renters, as prices of homes continue to increase. Global's Anne Gaviola spoke with The Peak Daily co-host Brett Chang about why rentership is growing at a much faster pace than homeownership — triple the rate, in fact.

Chang said this trend is "concerning" as millions of Canadians are locked out of the housing market and discusses why this is not just a problem for the millennial generation.

Plus, Apple has announced it's increasing cloud data security. And more on Canada getting a new women's professional soccer team.

For more top business and tech news, visit The Peak Daily at https://readthepeak.com/shows/the-peak-daily

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Category
U.S. & Canada
Tags
global news, the peak, the peak on global
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