Parents and children in the Canadian housing market: Does parental property ownership increase the likelihood of homeownership for their adult children?

Description: This study examines the likelihood of 1990s-born children to be homeowners in 2021 based on the residential property ownership status of their parents. This analysis is based on administrative data from the Canadian Housing Statistics Program for eight Canadian provinces and three Canadian territories. The homeownership rate of children is analyzed based on the number of residential properties excluding vacant land owned by their parents, with controls added for province, age, and income level.

Issue Number: 2023001