A study from real estate search portal Point2 Homes shows that Brampton has one of the highest home ownership rates in Canada.

Point2 Homes recently released its report, looking at the evolution of home ownership rates in Canada's 100 biggest urban centres. Data was gathered from the last Census provided by Statistics Canada. Although home ownership rates declined in Canada for the first time in over 45 years, Brampton has the 18th highest share of homeowners in the country at 80 per cent.

Caledon has the highest home ownership rate (90.8 per cent) among the 100 cities included in the report while Montreal (37 per cent) has the lowest.

The study includes Census data for Canada dating back to 1971 and shows in 2016, home ownership rates declined in Canada for the first time in that span. Rates had increased to an all-time high of 69 per cent in Canada in 2011, but went down to 67.8 per cent in 2016.

As well, 88 of the 100 cities in the analysis reported a decrease in home ownership. Brampton was one of those cities, going down two per cent from 82 in 2011 to 80 in 2016.

Mississauga was included in the survey as well and was said to have a home ownership rate of 72 per cent in 2016, good for 35th among the cities researched. It experienced a three per cent drop from 2011 to 2016.

Reasons for the decreasing trend in home ownership across Canada over the last five years presented in the study include the collapse of oil prices and Canada's heavy reliance on exports to China pushing Canada into a recession. Wages have gone down as a result, but home prices continue to go up.

With home ownership rates going down, the share of renters went up across Canada to 4.6 million, or 32.2 per cent of Canadians, according to the last Census. That represents a 1.2 per cent increase since 2011.

The study also showed changes in home ownership rates from 2001 to 2016. Brampton had the 23rd highest increase of 3.9 per cent since 2001 and Mississauga had a modest increase of 0.7 per cent, good for 58th. The national average was three per cent.