Harper has announced an interesting goal: 700,000 new home owners by 2020.
Harper says home ownership provides Canadians with financial stability and strengthens communities.
According to information provided by the party, the target would raise Canada’s home ownership rate to approximately 72.5 per cent. The Canada Mortgage and Housing Corp., citing information from Statistics Canada’s National Household Survey, says the home ownership rate was 69.0 per cent as of 2011, the most current data available.
Meanwhile in the Metro area home ownership rates have moved from 56% in 1986 to 65% in 2011.