Housing, wealth and debt: How are young Canadians adapting to current financial and housing pressures?
Barriers to important milestones and traditional adulthood transitions have intensified in Canada. Sustained food inflation, elevated housing prices, and increasingly unaffordable rental costs across much of the country are casting a shadow over the middle-class dream for many households—and, in par...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Statistics Canada
2024-03-01
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| Series: | Economic and Social Reports |
| Subjects: | |
| Online Access: | https://www150.statcan.gc.ca/n1/pub/36-28-0001/2024003/article/00004-eng.htm |
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| Summary: | Barriers to important milestones and traditional adulthood transitions have intensified in Canada. Sustained food inflation, elevated housing prices, and increasingly unaffordable rental costs across much of the country are casting a shadow over the middle-class dream for many households—and, in particular, for young families. This article provides an overview of household balance sheets and key financial metrics for young families as they adjust to current market conditions and begin to build financial resilience. |
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| ISSN: | 2563-8955 |