Move over, millennials. A third of Canada’s single renters are seniors
A 2024 report by National Institute on Ageing at Toronto Metropolitan University, which surveyed nearly 6,000 Canadians over 50, found renters and singleperson households were less likely to feel financially secure and were less ready for retirement.
The report also found higher rates of “material deprivation” among renters and single-person households. Respondents were identified as materially deprived if they couldn’t afford at least two essentials from a list including unexpected expenses, spending money, small gifts, bills, maintaining a comfortable temperature in their home, transportation and more.
Alyssa Brierley, executive director of the NIA, said there are policy interventions at the provincial and municipal level that could support senior renters.
