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According to a recent report, a record number of non-homeowners in Canada believe they will never be able to own a home. The report shows that 45% of non-homeowners now believe that owning a home is out of reach for them, which is an increase from 36% in 2019. Factors contributing to this belief include rising housing prices, lack of affordable housing options, and increased competition from investors and foreign buyers. The report also highlights the impact of this trend on the rental market, with more people expected to remain in rental properties for longer periods of time.

Read the full article on: REAL ESTATE MAGAZINE