Do homeowners really want high prices..?

The line is ubiquitous here:

“Majority of Canadians own homes and so the majority of Canadians don’t want housing prices to drop”.

We all know that it’s actually just 60% who “own a home”, but this includes people who live in a home which is owned by another resident (e.g., parent, sibling, roomate, etc.). So in reality, the number of true homeowners is likely under 50%. So… not a majority.

But then we must also exclude all of the homeowners who are upset with high housing costs, because their kids/grandkids can’t afford to move out, afford a decent life, or even have kids themselves. I know for a fact that many “boomers” (the generation labeled as selfish) see how unfair the housing situation is. They see how its impacting their loved ones, and they’re not happy about it. Especially when many are needing to hand out hundreds of thousands (when their housing gains aren’t liquid) just so their kids can afford a roof over their head. And they also aren’t oblivious to the way in which this impacts the broader economy as a whole, and particularly the youth without inheritances.

So in reality, when you look at the 60% figure, and then you remove anyone living with a parent, sibling, roomate, etc. And then you also remove any homeowner dissatisfied with high housing costs, the percentage of people who want housing to remain high is not a majority at all, but instead a significant minority.

It’s no wonder then that when Trudeau said we need to maintain home values, it was political suicide for him. Its not like boomers were all popping champagne and lining up to vote for him after that… I feel like the popular political stance would instead propose that housing prices need to drop, but nobody is reading the demographics clearly it seems, either that or their corrupt.

(Edit)

Based on the reactions of the homeowners in the comments, it seems that many want home values to drop. I really wish ipsos or whoever would get polling data on this, but I’ve never seen it. If anyone has any it’d be helpful to share!