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Canadian Social Trends October 2007

Young people's access to home ownership

by Martin Turcotte

Home ownership is very important to the vast majority of Canadians. Young adults are no different from the general population in this respect. To what extent do young adults succeed in making this desire a reality? What are the characteristics of those young people who own their home, and what are the obstacles to home ownership? Using data from the 2006 General Social Survey on family transitions, this article answers these questions by identifying the different factors associated with home ownership among young people aged 25 to 39 who no longer live with their parents.