Friday, February 5, 2010

Home Ownership

In the US there is a 67.2 percent homeownership rate. This is down from a peak of 69 percent in 2004. Today’s rate is the same as it was in the year 2000. In 1960 it was 62.1 percent.

European Americans have the country's highest homeownership rate (75 percent), while those identifying as being African American have the lowest homeownership rate (48 percent).

In Canada the rate is 68.4 percent, the highest rate since 1971.

Canada Mortgage and Housing Corp has found that 17 percent of Canadian immigrants become homeowners within six months of their arrival, and more than half of newcomers own homes four years after their arrival.

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