Never before have so many Canadians owned homes. And never before have they owed so much for the privilege.
Interest rates at or near historical lows combined with low unemployment and recent changes that allow people to buy houses with less money down and pay off mortgages over longer periods resulted in 68.4 per cent of Canadians in the housing market in 2006. That's up from 65.8 per cent in 2001 and 60 per cent in 1971, according to the latest Statistics Canada data.

Full story: globeinvestor.com