Please complete your profile to unlock commenting and other important features.

User AvatarBuild your avatar
Please select your date of birth for special perks on your birthday. Your username will be your unique profile link and will be publicly used in comments.
Narcity Pro

This is a Pro feature.

Time to level up your local game with Narcity Pro.

Pro

$5/month

$40/year

  • Everything in the Free plan
  • Ad-free reading and browsing
  • Unlimited access to all content including AI summaries
  • Directly support our local and national reporting and become a Patron
  • Cancel anytime.
For Pro members only Pro
Summary

Hamilton Residents Under 30 Are The Least Likely To Own A Home In All Of Canada

Toronto isn't doing much better.

Ontario Homeowners Under 30 Are Staying Out Of Hamilton
Konstantin Lobastov | Dreamstime
Contributing Writer

If you're a young person living in Hamilton, good luck trying to buy a home.

According to a new study by credit education company Borrowell, the Ontario city has the lowest rate of homeownership for those between the ages of 20 and 29 in all of Canada. Currently, the average home price for this area is $787,758.

As real estate across the province has become more expensive, Hamilton isn't the only city where young homeowners are having difficulty settling down.

Toronto has an equally low rate of homeownership in the same age group, according to the study, with an average home price of $1,075,636.

The full list of cities with the lowest rates of homeownership for ages 20-29 is as follows:

  1. Hamilton: 0.07 (home price: $787,758)
  2. Vancouver: 0.07 (home price: $1,290,250)
  3. Toronto: 0.07 (home price: $1,075,636)
  4. Victoria: 0.08 (home price: $829,600)
  5. Montreal: 0.08 (home price: $498,900)
From Your Site Articles
home pricescanadian housing market
TorontoCanadaReal EstateReal Estate
  • Patrick John Gilson

    Contributing Writer

    Patrick John Gilson (he/him) is a Contributing Writer with Narcity Media. He is a pro at ensuring his content is both exciting and tailored to millennials. He specializes in breaking news and investigative stories that require him to be on scene— something he enjoys and thrives in.

Canada's best places to live were ranked and Toronto didn't even crack the top 10

From coastal charm to Rocky Mountain views, these cities have what Toronto doesn't. 👀

Canada's housing market is set to get cheaper and 5 cities are dropping more than Toronto

A buyer's market is finally taking shape across much of Canada. 🏡

Here's how much it actually costs to live in Toronto vs. 9 other spots in Ontario

You could save over $11K a year by moving an hour and a half away. 👀

Ontario's cheapest cities were revealed and you could save $26,000/year by leaving Toronto

Here's what income you need for a "comfortable" life in 36 cities across Ontario. 👇

The average salaries across Canada were revealed — Here's which spot earns the most in 2025

The salary gap between provinces is wild. 🫣

Canada is increasing the GST/HST Credit — Here's how much you can get in 2026

A little boost for your budget is on the way. 💰

Canadians travelling to the US will soon be photographed every time they cross the border

The U.S. government will store the photos for decades.

This real-life Hallmark movie town is 1 hour from Toronto and it's a magical Christmas gem

It has vintage charm and a Euro-style market.

Costco has these Black Friday deals in-warehouse and you can get products for up to $500 off

This sale includes electronics, groceries, small kitchen appliances, and more!

Canada's 'most beautiful village' is in Ontario and it's like a little European Christmas town

Cue 'The Holiday' soundtrack.

13 Black Friday sales in Canada that get you free products and items for up to 75% off

Costco, Amazon, Best Buy, Walmart and more retailers have big discounts. 🤑

Statistics Canada is hiring for census jobs that pay up to $97,000 but you have to apply soon

You need to know how to use a computer.

Southern Ontario's weather forecast says another 15 cm of snow is on the way this weekend

The snowfall will be "widespread" across the region. ❄️

A Silk and Great Value plant-based beverage class action has reached a $6.5M settlement

Here's what you need to know about how much money you could receive.