Standing Senate Committee on National Finance (NFFN) (May 28, 2024)
ANNEX E: 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
Text version - Figure 1
| *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 | Jan - March 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 26.9% |
| 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% | 34.2% |
| 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% | 38.9% |
*These results come from the 2019 Canadian Financial Capability Survey.
** Data were not collected during September and October 2021 because of rthe federal election.
Figure 2. Percentage of Canadians who kept up with their financial commitments without any problems
Text version - Figure 2
| **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 | Jan - March 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 64.5% |
| 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% | 38.7% |
| 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% | 32.6% |
* 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 rthe federal election.
Figure 3. Percentage of Canadians who needed to draw on their savings because of economic conditions
Text version - Figure 3
| 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 | Jan - March 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 33.2% |
| 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% | 48.6% |
| 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% | 59.5% |
* Data were not collected during September and October 2021 because of rthe federal election.
Figure 4. Percentage of Canadians who spent more than they earned
Text version - Figure 4
| *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 |
Jan - March 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 19.1% |
| 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% | 27.2% |
| 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% | 31.4% |
*These results come from the 2019 Canadian Financial Capability Survey.
** Data were not collected during September and October 2021 because of rthe federal election.
Figure 5. Percentage of Canadian who borrowed money to pay for daily expenses
Text version - Figure 5
| *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 | Jan - March 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 14.4% |
| 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% | 37.3% |
| 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% | 44.9% |
*These results come from the 2019 Canadian Financial Capability Survey.
** Data were not collected during September and October 2021 because of rthe federal election.
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