• grte@lemmy.ca
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    7 months ago

    about 65% of residential properties are owned by the family that lives in them.

    The actual stat is about 65% of Canadians live in an owner occupied home. This would cover situations like an adult renting a room, or someone renting a basement suite where the owner lives above.

    • BlameThePeacock@lemmy.ca
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      7 months ago

      The number is close enough for discussions, especially when you remember that home owners themselves are far more likely to vote demographically speaking.

      • grte@lemmy.ca
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        7 months ago

        I find that stat is used to suggest that around 65% of Canadians benefit from and would support maintaining housing prices, but a lot of people covered in that 65% are still in extractive rental situations, or are children of the homeowner (adult or otherwise) who would presumably like to move out at some point.

        • BlameThePeacock@lemmy.ca
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          7 months ago

          Children do tend to benefit from that home, regardless of if they want to move out. They’re the ones usually getting it as part of their inheritance. In addition, they may still vote to preserve the home value of their parents in the hope of not needing to support them directly if it were to disappear.

          Either way, the balance of voting is still heavily in the favour of home owners or people who think that homes should be investment vehicles right now. That was really my underlying point, how far it is in favour will factor into how long it takes to change, but it’s definitely not going to be today or tomorrow.