More Canadians are renting today than in previous decades, creating a significant shift in tenant demographics.
Many property owners look for tenants in just one narrow age bracket, missing out on massive segments of the broader rental market.
Recent data shows that the demand for rental housing is growing across every generation, not just young people. If you buy an investment property in Canada, understanding who is renting helps you make better decisions about location and property type.
Millennials make up nearly one-third of all Canadian renters today. Almost half of people in their late thirties are currently renting. Canadians aged sixty-five and older now represent over twenty-two percent of renter households.
If you want to review your investment property financing options, let’s talk.
📞 289-678-1750] 📧 alex@alexmortgages.ca 🌐 www.alexmortgages.ca