Canada Mortgage and Housing Corp. has done a recent study on Habitat for Humanity families evaluating the amount a family’s life changes when they move into a home. The results ultimately found that families who own a home are healthier, happier and more financially secure.
- 89% said their lives improved since they moved into their homes.
- 86% said they’re happier since owning a home.
- Children’s school performance improved, they saw signs of increased confidence, improved behavior and enjoyment for studying and social activities.
- 75% said their health had improved since becoming home owners.
"There is evidence from numerous studies that attest to the benefits [of home ownership] accruing to many segments of society,” according to Canadian researchers. “Home ownership boosts the educational performance of children, induces higher participation in civic and volunteering activity, improves health care outcomes, lowers crime rates and lessens welfare dependency."
Hart Real Estate Solutions