OTTAWA -- Not everyone wants to own a home these days, Evan Siddall concedes -- not even his own millennial-age son. For the head of the Canada Mortgage and Housing Corp., that's really saying something.But Siddall's experience is far from uncommon, the latest census figures show: 30-year-old Canadians are less likely to own a home today than their baby boomer parents did at the same age, mirroring a modest but unmistakable decline in the national home ownership rate.
At age 30, 50.2 per cent of millennials owned their homes, compared to 55 per cent of baby boomers at the same age. Young adults today are more likely to live in apartments than their 1981 counterparts, are less likely to live in single-detached homes, and -- as Statistics Canada revealed over the summer -- more likely than ever before to still be living at home. (suite…)
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