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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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