Greater attention has been given in recent years to the role of parental wealth in the home ownership aspirations of younger Canadians. Just as the intergenerational transmission of income inequality is of concern, an increasing reliance on the "Bank of Mom and Dad" raises questions about how inequalities in home ownership can be reproduced across generations. In this context, some have suggested that a "Great Wealth Transfer" is underway, as baby boomers and other older generations tap into accumulated housing wealth to help their children and grandchildren enter the housing market.

This is the latest article in the Housing Statistics in Canada series published by Statistics Canada.