ATLANTIC CANADA: The share of renters in the country’s major cities is bigger than ever before — and Atlantic Canada’s two largest make no exception.
But here’s the kicker: It’s not just young people renting.
From Gen Z to Baby Boomers, renting has become widespread across all age groups.
Cities With Highest Shares of Renters: In both Halifax and St. John’s, the percentages of renters are higher than the 33% national average: 42.5% and 39.2%, respectively.
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From Gen Z to Boomer Renters: In the same cities, over 90% of residents under 24 are renting, while less than 36% of the seniors aged 65+ do.
Rise in Rentership: The share of renters in Halifax increased from 39.8% to 42.5%.
In St. John’s, the growth went from 38.5% to 39.2%.
For the full report, please check it out here: https://www.point2homes.com/news/canada-real-estate/rentership-on-the-rise-montreal-canada-renter-capital.html .
