Where I live it's normal to live in apartments. Entire houses are pretty much inaccessible to anyone except the richest - and they are all split into apartments anyways. This is normal, I don't know why this would be an indicator of anything.
Because not all countries are the same. In Canada owning a home is the historical norm and until a few years ago someone making the median income could have afforded one in most places.
Very few Canadians actually want to live in an apartment, home ownership is the goal.
Canada's home ownership rate is currently 66.5%[1] which is higher than many countries, but it used to be higher.
Few decades ago it didn't matter much whether you live in the capital, in a small town or in a village, today the capital is much more desirable than either of the other places. Now there are also many foreign people moving in who can't even go to the other places because people don't speak English there. And frankly, we have big issues with new construction - it takes 8 years to obtain the necessary government approvals!
Houses used to be cheap here (in the capital) as well and even I still remember that time, but we had to adapt to the new situation. My grandmother had a 200m^2 flat and that was normal; I have 100m^2 and am considered very rich, people in my age and family situation (2 people) usually live in 35-45m^2.
Of course everybody would love to own a whole house in the capital! It's like asking "who wants to be rich?" and being surprised that everybody does.
> home ownership is the goal.
We own the apartments, though (home ownership rate over 75%). You can't buy an apartment in Canada? Perhaps that'd be the first thing to fix...
ThrowAway1922A|2 years ago
Very few Canadians actually want to live in an apartment, home ownership is the goal.
Canada's home ownership rate is currently 66.5%[1] which is higher than many countries, but it used to be higher.
https://www150.statcan.gc.ca/n1/daily-quotidien/220921/mc-b0...
throwaway60707|2 years ago
Houses used to be cheap here (in the capital) as well and even I still remember that time, but we had to adapt to the new situation. My grandmother had a 200m^2 flat and that was normal; I have 100m^2 and am considered very rich, people in my age and family situation (2 people) usually live in 35-45m^2.
Of course everybody would love to own a whole house in the capital! It's like asking "who wants to be rich?" and being surprised that everybody does.
> home ownership is the goal.
We own the apartments, though (home ownership rate over 75%). You can't buy an apartment in Canada? Perhaps that'd be the first thing to fix...