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How homeownership barriers are impacting young Canadians' future plans

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Canadians have faced financial hurdles in the past few years, from rising inflation to higher interest rates and it's leaving some, especially those under 35, concerned about their futures.

A recent report from Statistics Canada shows that as debt levels rise, these Canadians are facing the biggest pinch, and barriers to homeownership could be one of the key factors — especially for those hoping to improve their standards of living.

As Sean Previl explains, the agency is warning of the impacts these barriers can have on social mobility.

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Category
U.S. & Canada
Tags
global news, homeownership, owning a home
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