Millennials in the Canadian housing market: An intergenerational comparison
www150.statcan.gc.ca
The study examines the questions of moving out of the parental home and access to homeownership from an intergenerational perspective. The article details the household living arrangements and homeownership status of three generations of Canadians (Millennials, Generation X, and Baby Boomers) when they were aged 25 to 39.
  • In 2021, the share of millennials aged 25 to 39 living in a census family with parents (16.3%) was around twice the share of baby boomers of the same age in 1991 (8.2%). This trend has occurred gradually over time and is common to the large cities studied.
  • After accounting for those living with their parents, millennials had the lowest rate of homeownership (49.9%), compared with Gen-Xers (56.2%) and baby boomers (55.9%) when they were aged 25 to 39 years.
  • Fewer millennials aged 25 to 39 were married with children (26.6%) compared with Gen-Xers (34.5%) and baby boomers (46.6%) when they were the same age―the household type with the highest rate of homeownership historically.
  • Millennial homeowners, after accounting for those living with their parents, were less likely to live in single-detached houses relative to earlier generations, especially those living in Toronto and Vancouver.
  • DriftingLynx@lemmy.caEnglish
    7·
    18 天前

    A bit late to the party StatsCan…

    While this is a well done study, does it add anything new to the discussion? I’m sick of being explained to that younger generations have less access to housing, we’ve known this for a decade; they might as well have studied and proven water is wet.

    I’d much rather see this data put alongside something like mortgage profits earned by the banks for all this inflated value housing. Or data on how much housing stock is owned by Private Equity companies.

  • MinnesotaGoddam@lemmy.world
    2·
    17 天前

    I don’t want to think about how much money I’ve paid to the hospital over the years because I think it’s enough to afford a house. Not a good house, nothing with a floor or windows or shit, but a house dammit.

    In positive news has anyone tried those topo chico hard seltzers? Really refreshing.