Chart 2
Home equity accumulation over the life cycle, by educational attainment
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Data table for Chart 2
| Age | Reported home values, by educational attainment | Conditional probability of having a mortgage, by educational attainment | Incidence of renting housing, by educational attainment | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High school dropout | Terminal high school diploma | Some postsecondary education | University graduate | High school dropout | Terminal high school diploma | Some postsecondary education | University graduate | High school dropout | Terminal high school diploma | Some postsecondary education | University graduate | |
| 2010 constant dollars | percent | |||||||||||
| 25 | 71,000 | 126,000 | 121,000 | 159,000 | 63.7 | 70.3 | 69.9 | 62.1 | 37.3 | 38.3 | 40.2 | 44.5 |
| 26 | 68,000 | 121,000 | 121,000 | 159,000 | 62.9 | 70.7 | 72.6 | 67.0 | 42.3 | 38.1 | 39.8 | 43.9 |
| 27 | 75,000 | 124,000 | 122,000 | 154,000 | 67.7 | 75.9 | 77.7 | 73.0 | 39.7 | 35.0 | 39.4 | 42.5 |
| 28 | 78,000 | 125,000 | 128,000 | 161,000 | 69.8 | 77.7 | 81.8 | 79.7 | 39.7 | 33.9 | 35.3 | 39.1 |
| 29 | 81,000 | 121,000 | 132,000 | 162,000 | 71.8 | 81.3 | 82.4 | 82.8 | 37.7 | 32.4 | 32.9 | 35.4 |
| 30 | 86,000 | 136,000 | 137,000 | 186,000 | 73.3 | 81.4 | 83.5 | 87.1 | 34.9 | 29.2 | 30.2 | 30.1 |
| 31 | 89,000 | 139,000 | 146,000 | 199,000 | 74.1 | 82.4 | 84.0 | 86.6 | 31.1 | 28.0 | 27.1 | 27.6 |
| 32 | 89,000 | 143,000 | 156,000 | 211,000 | 74.6 | 81.7 | 85.6 | 89.0 | 30.1 | 26.3 | 25.4 | 23.5 |
| 33 | 99,000 | 157,000 | 160,000 | 222,000 | 72.6 | 81.9 | 85.3 | 87.8 | 28.9 | 24.5 | 23.3 | 20.3 |
| 34 | 96,000 | 160,000 | 165,000 | 237,000 | 74.2 | 81.0 | 83.3 | 87.3 | 29.5 | 22.3 | 21.4 | 18.1 |
| 35 | 105,000 | 163,000 | 168,000 | 252,000 | 72.8 | 81.1 | 82.9 | 87.3 | 27.9 | 19.8 | 21.1 | 16.0 |
| 36 | 110,000 | 181,000 | 176,000 | 258,000 | 73.0 | 80.7 | 82.2 | 86.2 | 24.8 | 20.5 | 19.5 | 15.2 |
| 37 | 107,000 | 172,000 | 177,000 | 264,000 | 69.7 | 80.5 | 81.8 | 85.1 | 25.3 | 19.9 | 18.4 | 13.7 |
| 38 | 107,000 | 171,000 | 184,000 | 279,000 | 71.2 | 80.5 | 80.4 | 81.4 | 24.6 | 19.7 | 16.9 | 12.3 |
| 39 | 112,000 | 185,000 | 186,000 | 278,000 | 70.4 | 79.7 | 78.5 | 81.0 | 23.6 | 17.5 | 16.2 | 11.2 |
| 40 | 108,000 | 182,000 | 189,000 | 296,000 | 68.3 | 77.4 | 78.0 | 80.0 | 23.3 | 15.6 | 15.6 | 10.7 |
| 41 | 114,000 | 189,000 | 194,000 | 289,000 | 67.6 | 76.7 | 77.0 | 76.9 | 21.3 | 16.0 | 14.9 | 9.7 |
| 42 | 112,000 | 199,000 | 193,000 | 303,000 | 68.0 | 74.8 | 76.4 | 74.7 | 22.2 | 14.8 | 13.8 | 8.7 |
| 43 | 118,000 | 197,000 | 201,000 | 302,000 | 65.6 | 75.0 | 74.2 | 72.4 | 22.1 | 14.0 | 13.2 | 9.0 |
| 44 | 118,000 | 202,000 | 201,000 | 311,000 | 67.1 | 73.7 | 72.0 | 72.8 | 20.8 | 13.8 | 13.4 | 8.7 |
| 45 | 131,000 | 205,000 | 209,000 | 311,000 | 61.7 | 71.2 | 69.6 | 70.1 | 19.9 | 13.6 | 12.4 | 8.9 |
| 46 | 123,000 | 199,000 | 209,000 | 318,000 | 61.7 | 70.2 | 67.7 | 67.3 | 21.0 | 13.4 | 12.3 | 8.1 |
| 47 | 133,000 | 206,000 | 205,000 | 321,000 | 61.3 | 67.7 | 65.7 | 62.1 | 18.6 | 12.6 | 12.8 | 8.2 |
| 48 | 137,000 | 213,000 | 207,000 | 319,000 | 58.4 | 66.4 | 63.0 | 62.1 | 18.5 | 11.9 | 11.3 | 7.2 |
| 49 | 135,000 | 206,000 | 217,000 | 322,000 | 56.4 | 63.2 | 61.9 | 57.5 | 17.0 | 12.1 | 11.0 | 7.9 |
| 50 | 136,000 | 201,000 | 209,000 | 304,000 | 54.5 | 60.1 | 59.2 | 55.1 | 18.0 | 12.6 | 10.8 | 7.7 |
| 51 | 133,000 | 198,000 | 210,000 | 310,000 | 53.6 | 57.8 | 56.7 | 54.1 | 18.2 | 11.8 | 11.8 | 7.9 |
| 52 | 140,000 | 205,000 | 207,000 | 317,000 | 51.1 | 56.1 | 55.4 | 52.3 | 16.1 | 12.3 | 10.3 | 7.7 |
| 53 | 140,000 | 206,000 | 209,000 | 312,000 | 49.7 | 54.1 | 53.3 | 49.8 | 15.9 | 12.2 | 11.1 | 8.1 |
| 54 | 135,000 | 203,000 | 204,000 | 328,000 | 47.6 | 53.2 | 50.6 | 45.9 | 16.8 | 13.4 | 11.8 | 6.7 |
| 55 | 124,000 | 202,000 | 207,000 | 315,000 | 41.6 | 49.2 | 49.6 | 44.0 | 18.5 | 13.0 | 10.5 | 7.1 |
| 56 | 137,000 | 196,000 | 199,000 | 331,000 | 40.9 | 48.4 | 48.6 | 46.8 | 17.6 | 13.6 | 12.5 | 8.3 |
| 57 | 143,000 | 200,000 | 210,000 | 318,000 | 39.1 | 48.6 | 46.4 | 42.9 | 18.4 | 12.7 | 11.3 | 6.8 |
| 58 | 135,000 | 199,000 | 212,000 | 318,000 | 38.4 | 43.1 | 42.4 | 39.9 | 18.1 | 13.8 | 11.1 | 10.1 |
| 59 | 142,000 | 210000 | 205000 | 340,000 | 36.8 | 45.6 | 41.3 | 36.2 | 18.1 | 12.5 | 11.2 | 8.9 |
|
Notes: Panel A shows the average value of the home reported in the 1991 and 2006 censuses at a given age, from 25 to 59, for several groups based on their educational attainment. Panel B shows the probability of having a mortgage, conditional on a strictly positive home equity value, for each group. Panel C shows the incidence of renting housing for each group. Following M. Frenette (2014b, The Long-term Labour Market Premiums Associated with a Terminal High School Diploma), individuals with a terminal high school diploma are defined as those who had obtained a high school diploma but had not acquired any postsecondary education by the 1991 Census or the 2006 Census. Sources: Statistics Canada, Longitudinal Worker File–1991 Census and T1 Personal Master File–2006 Census–2011 National Household Survey. |
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