The data also reveals that 47% of rental income earners were aged 45-64 years, and most lived in the CMAs of Toronto (21%), Montreal (14%), or Vancouver (11%).
The share of 30- to 34-year-olds receiving net rental income rose from 4% in 2000 to 5% 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 8%.
Two thirds of landlords also earn wages, salaries, and commissions.
Those with higher incomes (aside from their rental income) are more likely to be higher earners, with a median $59,800 in 2020 compared to $38,570 among those without rental income.
Good returns?
While house prices have been rising sharply in recent years, before starting to ease in 2022, owning rental property still represents a good investment for capital gains.
