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Home Buying | Lake Country Real Estate Team Blog

Tuesday, June 15, 2021   /   by Earl Gaddi

The Societal Benefits of Homeownership

There’s a lot of talk about the financial benefits of homeownership, such as creating equity and wealth, but what isn’t always as obvious are the social benefits: making people happier, healthier and more civically engaged.
Owning a home has non-financial benefits
A large body of research from Canada and around the world finds homeownership contributes to higher levels of happiness and life satisfaction for homeowners and their families. And that results in a wide range of educational, health and socio-cultural benefits, which were laid out in the Canadian Real Estate Association (CREA)‘s recent white paper, The Homeownership Dividend for Canadians.
These non-financial benefits have spillover benefits to the broader community and surrounding civic fabric—all of which are positively linked to a culture of homeownership. These “positive externalities,” extend beyond the homeowner to the rest of society, regardless of demographics, ethnicities, incom ...

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Lake Country Real Estate Team Century 21 B.J. Roth Realty Ltd. Brokerage
Bill Jackson
355 Bayfield St
Barrie
705-238-6001
Century 21
B.J. Roth Realty Ltd. Brokerage
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Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2021 Last Updated July 29, 2021
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