Changing Patterns in Canadian Homeownership and Shelter Costs, 2006 Census: Comparing shelter costs to income

Condominium owners with mortgages saw the largest increase in the proportion spending 30% or more of their income on shelter

The census enumerated an estimated 554,000 condominium owners who had a mortgage in 2006. Of this group, more than one-third (37.5%) spent 30% or more of their household income on shelter, a substantial increase from 32.3% five years earlier. Almost one-quarter of these households had a primary maintainer aged less than 35.

The median income of condominium owners with mortgages was almost $17,000 less than that of other owners with mortgages.

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