IDEAS home Printed from https://ideas.repec.org/p/stc/stcp3e/2010325e.html
   My bibliography  Save this paper

Homeownership over the Life Course of Canadians: Evidence from Canadian Censuses of Population

Author

Listed:
  • Hou, Feng

Abstract

Homeownership affects investment, consumption, and savings decisions of households, and plays a major role in post-retirement well-being. This paper examines two questions. First, to what extent do Canadians acquire and retain homeownership at different life-course stages, particularly after retirement? Second, has the age profile of homeownership changed over generations? Using data from eight Canadian censuses of population, conducted between 1971 and 2006, we find a strong regularity in the age profile of homeownership across generations of Canadians. The homeownership rate rises quickly with the age of household maintainers (i.e., the person(s) who pay(s) for shelter costs) in the period before the age of 40, and continues to climb thereafter at a slower pace until reaching the plateau near age 65, when about three quarters of Canadian households own their homes. We find that the homeownership rate changes little from age 65 to 74 but starts declining after age 75. As well, we note that the level at which homeownership plateaus has risen steadily across birth cohorts since the 1970s.

Suggested Citation

  • Hou, Feng, 2010. "Homeownership over the Life Course of Canadians: Evidence from Canadian Censuses of Population," Analytical Studies Branch Research Paper Series 2010325e, Statistics Canada, Analytical Studies Branch.
  • Handle: RePEc:stc:stcp3e:2010325e
    as

    Download full text from publisher

    File URL: http://www5.statcan.gc.ca/olc-cel/olc.action?ObjId=11F0019M2010325&ObjType=46&lang=en&limit=0
    Download Restriction: no

    File URL: http://www5.statcan.gc.ca/olc-cel/olc.action?ObjId=11F0019M2010325&ObjType=46&lang=en&limit=0
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Asakawa, Keiko & Senthilselvan, Ambikaipakan & Feeny, David & Johnson, Jeffrey & Rolfson, Darryl, 2012. "Trajectories of health-related quality of life differ by age among adults: Results from an eight-year longitudinal study," Journal of Health Economics, Elsevier, vol. 31(1), pages 207-218.

    More about this item

    Keywords

    Families; households and housing; Income; pensions and wealth; Income; pensions; spending and wealth; Seniors;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:stc:stcp3e:2010325e. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Brown). General contact details of provider: http://edirc.repec.org/data/stagvca.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.