House Standing Committee on Finance (February 13, 2024)
ANNEX C: FCAC data on homeowners with/without mortgages and renters (graphs)

Figure 1: Percentage of Canadians who owned their home with a mortgage, owned their home without a mortgage, or who rented their home

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Figure 1: Percentage of Canadians who owned their home with a mortgage, owned their home without a mortgage, or who rented their home
	*March - May 2019	Aug - Oct 2020	Nov 2020 - Jan 2021	Feb - April 2021	May - July 2021	**Aug - Dec 2021	Jan - March 2022	April - June 2022	July - Sept 2022	Oct - Dec 2022	Jan - March 2023	April - June 2023	July - Sept 2023	Oct - Dec 2023
Homeowners without a mortgage	28,4%	26,9%	25,5%	24,6%	22,7%	21,9%	22,1%	21,8%	21,7%	22,3%	21,6%	21,9%	27,1%	26,4%
Homeowners with a mortgage	39,9%	40,1%	39,4%	38,3%	34,6%	32,7%	32,0%	33,8%	33,2%	35,6%	33,4%	32,1%	38,4%	37,4%
Renters	31,8%	33,0%	35,1%	37,1%	42,7%	45,5%	45,9%	44,4%	45,0%	42,1%	45,0%	46,0%	34,5%	36,1%

* These results come from the 2019 Canadian Financial Capability Survey.

** Data were not collected during September and October 2021 because of the federal election.

Figure 2: Percentage of Canadians who kept with their financial commitments without any problems

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Figure 2: Percentage of Canadians who kept with their financial commitments without any problems
	**March - May 2019	Aug - Oct 2020	Nov 2020 - Jan 2021	Feb - April 2021	May - July 2021	***Aug - Dec 2021	Jan - March 2022	April - June 2022	July - Sept 2022	Oct - Dec 2022	Jan - March 2023	April - June 2023	July - Sept 2023	Oct - Dec 2023
Homeowners without a mortgage	80,2%	74,4%	74,3%	76,0%	69,5%	66,7%	64,9%	62,9%	60,7%	55,8%	62,1%	64,9%	70,1%	63,0%
Homeowners with a mortgage	56,0%	56,9%	54,9%	51,7%	51,2%	49,3%	45,4%	44,4%	41,4%	35,9%	41,9%	34,7%	40,8%	37,1%
Renters	50,1%	45,4%	48,4%	43,0%	45,5%	41,6%	39,2%	36,6%	32,3%	30,8%	36,9%	31,9%	37,1%	34,2%

* Among Canadians who had financial commitments (97.0% in the MFWBM, 98.7% in the 2019 CFCS).

** These results come from the 2019 Canadian Financial Capability Survey.

*** Data were not collected during September and October 2021 because of the federal election.

Figure 3: Percentage of Canadians who spent more than they earned

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Figure 3: Percentage of Canadians who spent more than they earned
	Aug - Oct 2020	Nov 2020 - Jan 2021	Feb - April 2021	May - July 2021	*Aug - Dec 2021	Jan - March 2022	April - June 2022	July - Sept 2022	Oct - Dec 2022	Jan - March 2023	April - June 2023	July - Sept 2023	Oct - Dec 2023
Homeowners without a mortgage	23,4%	24,8%	23,7%	29,2%	31,1%	31,5%	30,1%	35,4%	42,3%	41,9%	39,6%	33,8%	35,9%
Homeowners with a mortgage	35,0%	32,3%	36,2%	33,2%	39,9%	36,5%	41,0%	51,5%	56,5%	54,5%	62,6%	57,1%	56,9%
Renters	46,2%	41,7%	51,9%	51,3%	50,1%	51,2%	55,0%	58,5%	62,9%	58,5%	68,3%	59,5%	62,4%

* These results come from the 2019 Canadian Financial Capability Survey.

** Data were not collected during September and October 2021 because of the federal election.

Figure 4: Percentage of Canadians who needed to draw on their savings

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Table 4: Percentage of Canadians who needed to draw on their savings
	*March - May 2019	Aug - Oct 2020	Nov 2020 - Jan 2021	Feb - April 2021	May - July 2021	**Aug - Dec 2021	Jan - March 2022	April - June 2022	July - Sept 2022	Oct - Dec 2022	Jan - March 2023	April - June 2023	July - Sept 2023	Oct - Dec 2023
Homeowners without a mortgage	10,9%	14,5%	16,7%	11,2%	18,0%	23,6%	16,0%	20,9%	20,6%	22,2%	22,6%	19,4%	24,6%	22,1%
Homeowners with a mortgage	18,2%	20,7%	19,6%	16,1%	21,0%	25,5%	23,6%	26,2%	26,6%	33,2%	29,4%	29,5%	30,4%	28,3%
Renters	21,2%	23,2%	23,2%	21,7%	26,5%	29,1%	27,8%	32,1%	24,9%	36,3%	29,5%	34,7%	32,3%	30,5%

* Data were not collected during September and October 2021 because of the federal election.

Figure 5: Percentage of Canadians who borrowed to meet rheir daily expenses

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Table 5: Percentage of Canadians who borrowed to meet their daily expenses
	*March - May 2019	Aug - Oct 2020	Nov 2020 - Jan 2021	Feb - April 2021	May - July 2021	**Aug - Dec 2021	Jan - March 2022	April - June 2022	July - Sept 2022	Oct - Dec 2022	Jan - March 2023	April - June 2023	July - Sept 2023	Oct - Dec 2023
Homeowners without a mortgage	10,2%	9,8%	10,1%	12,2%	16,3%	17,4%	14,6%	15,8%	17,7%	22,1%	15,4%	18,0%	12,9%	14,0%
Homeowners with a mortgage	30,7%	27,3%	28,5%	31,3%	30,1%	31,9%	32,4%	34,0%	36,8%	39,1%	38,0%	41,4%	34,6%	38,2%
Renters	39,0%	41,5%	37,4%	39,6%	38,1%	42,0%	44,9%	44,6%	45,9%	49,8%	44,7%	51,2%	43,9%	44,4%

* These results come from the 2019 Canadian Financial Capability Survey.

** Data were not collected during September and October 2021 because of the federal election.

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