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HomeWealth ManagementVariety of Canadians dwelling alone hits new excessive

Variety of Canadians dwelling alone hits new excessive

Such data helps inform and affect socioeconomic situations and offers wealth professionals with a snapshot of the circumstances of many purchasers and potential purchasers.

There have been 4.4 million folks dwelling alone in 2021, a document excessive reflecting a long-term pattern (in 1981 there have been 1.7 million solo-dwellers).

Which means round 3 in 10 Canadian households encompass only one individual, though this the second lowest within the G7, simply forward of the US.

Apparently, it’s Canadians aged 35-44 the place solo dwelling is on the rise with a doubling of the proportion over the previous 40 years (though nonetheless solely 10%).

The evaluation cites a number of causes for the rise in solo dwelling, corresponding to selecting to delay household formation, “rising relationship instability, the rise of non-cohabiting relationships, urbanization, altering life-style preferences and the expansion of high-rise flats.”



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