# Canadians Cut Homeownership As Housing Costs Rise

> Housing costs push Canadians to abandon homeownership dreams, with 56% of non-homeowners expecting never to own a home.
- Title: Canadians Cut Homeownership As Housing Costs Rise | Shortify
- Summary: Housing costs push Canadians to abandon homeownership dreams, with 56% of non-homeowners expecting never to own a home. 56% of Canadian non-homeowners say…
- Keywords: canadians, homeownership, housing costs, habitat for humanity, homeowners, financial sacrifice, affordability, money, business, Cut, Housing, Costs
- Source: Financialpost — https://financialpost.com/globe-newswire/canadians-most-likely-to-give-up-on-homeownership-as-housing-costs-force-difficult-trade-offs-global-survey-finds
- Read time: 1 min
- Topics: canadians, homeownership, housing costs, habitat for humanity, homeowners, financial sacrifice, affordability, money, business
## Housing Costs Push Canadians
Housing costs are forcing Canadians to make difficult financial trade-offs, impacting food, savings, and homeownership.
## 56% of Non-Homeowners Expect Never to Own
56% of non-homeowners in Canada say they don’t expect to ever own a home, double the global average of 23%.
## Financial Sacrifices for Housing
Two-thirds of Canadians made at least one financial sacrifice to afford housing costs in the past year.
## Housing Affordability Crisis
54% of non-homeowners say homes are too expensive, 50% say income is too low, and 41% lack savings for a down payment.
## 73% Believe Few Affordable Homes
73% of Canadians believe there are too few affordable homes available to buy, while 81% say rising costs make homeownership difficult.
## Housing Stress for Young Canadians
64% of younger Canadians say housing costs make it difficult to start a family, and 46% cite it as their biggest life stressor.
## Habitat CEO on Crisis
Habitat for Humanity Canada’s CEO says housing crisis forces Canadians to sacrifice food, savings, and peace of mind.

> Canada’s housing crisis has become an opportunity crisis. When people are sacrificing food, savings, and peace of mind to afford housing, they can never get ahead.
## Key takeaway

56% of Canadian non-homeowners say they won't own a home due to high housing costs, double the global average.