How homeownership barriers are impacting young Canadians' future plans

Canadians have faced financial hurdles in the past few years, from rising inflation to higher interest rates and it's leaving some, especially those under 35, concerned about their futures.

A recent report from Statistics Canada shows that as debt levels rise, these Canadians are facing the biggest pinch, and barriers to homeownership could be one of the key factors — especially for those hoping to improve their standards of living.

As Sean Previl explains, the agency is warning of the impacts these barriers can have on social mobility.

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Видео How homeownership barriers are impacting young Canadians' future plans канала Global News