A new Statistics Canada study has confirmed what housing researchers and young Canadians have argued for years: the generational ladder to homeownership has not just gotten harder to climb for many Millennials, but for an increasing number, it has been pulled up entirely.
Released last week, the study draws on Census of Population data from 1991, 2006, and 2021 to compare how Baby Boomers, Gen Xers, and Millennials each fared in the housing market between ages 25 and 39. The study found Millennials more likely to live with parents, less likely to own, and, when they do own, far less likely to own the kind of home previous generations took for granted.
