A study conducted by a real estate company has found that Victoria currently has the second lowest percentage of homeowners in the country.

The report released by Point2 Homes uses data from Statistics Canada reports to come up with an overview of homeownership in Canada.

All across Canada homeownership increased steadily from 1971 to 2011, after which it saw a decline almost across the board.

As of 2016, Victoria had a 39% homeownership rate, which is the second lowest in Canada – the lowest was Montréal at 37%.

We therefore live in one of the only three Canadian cities that are dominated by renters. The other two are Vancouver and Montréal.

Click here to read the full report.

Subscribe to the Victoria Buzz newsletter to receive the latest news, events and more directly to your inbox. Every day.