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Half of Canadian Millennials live with parents, homeownership falls.

5/8/2026

41 10 Full Breakdown

Summary

Story summary

Canada reported 16.3 % of millennials 25-39 lived with a parent in 2021, versus 8.2 % of baby boomers in 1991.
Homeownership fell to 49.9 % in 2021, down from 55.9 % for baby boomers in 1991.
Since 2004, Canadian incomes rose 76 % while lower-end new-home prices surged 265 %.
Economist Mike Moffat said starter homes are now over twice as costly as 20 years ago.
He added that fixing the market could require 20 years.

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Story summary

Canada reported 16.3 % of millennials 25-39 lived with a parent in 2021, versus 8.2 % of baby boomers in 1991.
Homeownership fell to 49.9 % in 2021, down from 55.9 % for baby boomers in 1991.
Since 2004, Canadian incomes rose 76 % while lower-end new-home prices surged 265 %.
Economist Mike Moffat said starter homes are now over twice as costly as 20 years ago.
He added that fixing the market could require 20 years.