Overview
- Statistics Canada's new study, released Wednesday, says 16.3% of Canadians ages 25 to 39 lived with a parent in 2021, up from 8.2% for baby boomers in 1991.
- Millennials owned homes at about a 50% rate at ages 25 to 39 in 2021, below roughly 56% for Gen X and boomers at the same ages.
- Ownership was weaker in the most expensive cities, with just over 40% of Toronto millennials owning in 2021 and similar shares in Vancouver.
- Millennials are also starting families later, with about 40% being parents in 2021 compared with about 55% in 1991.
- A University of Ottawa analysis finds lower‑end new‑home prices rose about 265% since 2004 while incomes grew 76%, widening the gap for first‑time buyers.