The info additionally reveals that 47% of rental earnings earners have been aged 45-64 years, and most lived within the CMAs of Toronto (21%), Montreal (14%), or Vancouver (11%).
The share of 30- to 34-year-olds receiving internet rental earnings rose from 4% in 2000 to five% in 2020, the share of 35- to 39-year-olds rose from 5% to 7% and the share of 40- to 44-year-olds rose from 6% to eight%.
Two thirds of landlords additionally earn wages, salaries, and commissions.
These with increased incomes (except for their rental earnings) usually tend to be increased earners, with a median $59,800 in 2020 in comparison with $38,570 amongst these with out rental earnings.
Whereas home costs have been rising sharply in recent times, earlier than beginning to ease in 2022, proudly owning rental property nonetheless represents a great funding for capital positive aspects.