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Immigrant families in Canada are more likely to own homes

A 2021 Statistics Canada study reveals that immigrants, particularly in big cities, are more likely to co-own homes with their adult children than other Canadians. Around half of the co-owning parents were immigrants, a trend more evident in higher-priced metropolitan areas with higher immigrant populations. In Toronto and Vancouver, over 75% of co-owning parents were immigrants. Immigrants tend to place greater importance on home ownership and allocate more financial resources towards it. High-ratio properties, where property value exceeds 30 times the owner's income, were more commonly owned by first-generation immigrant children.

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