StatsCan study reveals children of homeowners have twice the likelihood of becoming homeowners themselves

Children of homeowners twice as likely to own homes themselves, says StatsCan


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“Is Home Ownership Harder for People Whose Parents Don’t Own a Home?”

According to a recent study by Statistics Canada, your parents’ home ownership status can significantly impact the likelihood of you owning a home. The report examined home ownership rates across various income levels, provinces, and age groups, and the results are quite clear. Let’s dive in to understand the implications of this data and what it means for young adults today.

The Impact of Parental Home Ownership

The study focused on individuals born in the 1990s, revealing that their parents’ home ownership had a substantial effect on their own likelihood of owning a home in 2021. For those born in 1990, the home ownership rate was 33 percent, while for those born in 1999, it was only 2.1 percent. But what’s even more striking is the comparison between individuals whose parents owned a home and those whose parents didn’t. In the former group, the ownership rate jumped to 17.4 percent, emphasizing the significant influence of parental home ownership on the younger generation.

Generational Effect

As if the impact of parental home ownership wasn’t significant enough, the study also found that as the number of homes owned by parents increased, so did the likelihood of their children owning a home. Among parents who owned multiple properties, more than half of young adults were also owners of multiple properties. This correlation, while not explicitly pointing to causation, raises questions about the wider implications of generational wealth and property ownership.

Implications and Controversies

The study’s findings bring to light the existence of what is sometimes referred to as “The Bank of Mom and Dad.” It suggests that adult children of homeowners are more likely to purchase homes, receive help with down payments, and buy more expensive properties. While this doesn’t necessarily imply direct financial assistance, it does highlight the indirect benefits reaped by children of homeowners. However, this phenomenon has also raised questions about the fairness and implications of intergenerational wealth and property ownership.


The Statistics Canada report underscores the deep-rooted influence of parental home ownership on the likelihood of younger generations owning homes. It opens up discussions about the broader societal implications of wealth distribution, access to housing, and intergenerational financial support. As we navigate these conversations, it’s crucial to consider the complexities and counterpoints to fully understand the impact and potential remedies to create a more equitable housing landscape for future generations.


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