Growing share of millennials still live with parents, can't afford housing
A new study by Statistics Canada compares housing outcomes between millennials, Gen X and Baby Boomers.
A comprehensive new study from Statistics Canada reveals a stark intergenerational divide in the national housing market, confirming what many young Canadians have long suspected: the path to homeownership has fundamentally shifted since the 1990s.
The report, which compares millennials (aged 25 to 39 in 2021) to Gen-Xers and Baby Boomers at the same age, highlights a dramatic rise in "delayed launches." In 2021, 16.3% of millennials were still living in a census family with their parents, exactly double the 8.2% rate reported by Boomers in 1991.
