The RBC report notes that a significant portion of the income of this category of Canadians goes to pay for a roof over their head.

And this leads to a decrease in well-being and a widening financial gap between them and the owners of their own homes.

Since 2010, the volume of homeowners' own net worth has increased from 9 to 13 fold.

And for residents of rented housing, this figure has increased only 3.5 fold.

The trend of increasing well-being of the part of the population that owns residential real estate has been one of the main factors in the overall accumulation of wealth for more than 30 years, the report says.

And renters who hope to acquire their own home are experiencing growing difficulties. If in 1999 they had to spend 25% of their income on housing, and homeowners - 23%, then in 2022 this ratio changed, 29 against 21%.

Marianna B