Which Canadians Are Renting Out Parts Of Their Homes?

A new survey of home owners across Canada by Square One Insurance has found that more Vancouver home owners rent out part of their homes to strangers than anyone else in the country.

Fourty-three per cent of owners of single family homes in Vancouver rent out part of their homes, such as their basement suite, which is much more than the average of 14 per cent of homeowners across Canada.

The biggest reason for renting out part of a home according to the survey was to help pay their mortgage. British Columbia seems to have more homes being rented out than most, with Burnaby at 40 per cent, Surrey at 31 per cent and north Vancouver at 28 per cent. In Toronto, 20 per cent of homeowners report having rental suites.

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