A Statistics Canada report reveals Canadian millennials face greater housing challenges than previous generations, with fewer owning homes, more living with parents, and settling for smaller properties. In 2021, 16.3% of millennials aged 25-39 lived with parents, double the rate of baby boomers. Homeownership rates for millennials were lower, especially in their late 20s. Declines in marriage and family formation also contribute to reduced homeownership.
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