![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2019\/02\/canadian-housing-market-ownership.jpg\")
<\/a><\/p>\nPhoto: Peter Addor\/Flickr<\/a><\/em><\/p>\n Housing affordability may be top of mind for many Canadians, but Canada still ranks high for homeownership internationally, suggests RBC, and any government steps to further improve it should focus on shortages of homes in big cities.<\/p>\n \u201cWe take issue with the notion that Canada has a home ownership problem in the first place,\u201d reads a new report from RBC economic researchers<\/a>.<\/p>\n RBC notes that 43.1 percent of households under the age of 35 in Canada own a home, compared to 34.5 percent south of the border. Even in Canada\u2019s most expensive major market, Vancouver, the ownership rate among the under-35 set is 35.9 percent, while it\u2019s as high as 50.6 percent in Calgary.<\/p>\n\n “Even Toronto and Vancouver \u2014 the least affordable markets in the country \u2014 rank near the top of global cities on home ownership and have home ownership rates that are about double cities like Paris and Berlin,” according to RBC.<\/p>\n The overall ownership rate in Canada is 67.8 percent. And big Canadian markets compare favourably with cities around the world. For instance, 63.7 percent of all Vancouver households own a home, versus 33.2 percent in Paris, 51.1 percent in New York and 62.4 percent in Sydney.<\/p>\n