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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| Format: | Article |
| Language: | English |
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Statistics Canada
2024-03-01
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| Series: | Economic and Social Reports |
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| Online Access: | https://www150.statcan.gc.ca/n1/pub/36-28-0001/2024003/article/00004-eng.htm |
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| _version_ | 1850026986916806656 |
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| author | James Gauthier Carter McCormack |
| author_facet | James Gauthier Carter McCormack |
| author_sort | James Gauthier |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-aae857f0ebc8446e8a033354da5280a8 |
| institution | DOAJ |
| issn | 2563-8955 |
| language | English |
| publishDate | 2024-03-01 |
| publisher | Statistics Canada |
| record_format | Article |
| series | Economic and Social Reports |
| spelling | doaj-art-aae857f0ebc8446e8a033354da5280a82025-08-20T03:00:22ZengStatistics CanadaEconomic and Social Reports2563-89552024-03-0140310.25318/36280001202400300004-engHousing, wealth and debt: How are young Canadians adapting to current financial and housing pressures?James GauthierCarter McCormackBarriers 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.https://www150.statcan.gc.ca/n1/pub/36-28-0001/2024003/article/00004-eng.htmNew housing price indicesFamily expendituresFamily expensesHousehold spendingLiving expensesCorporate balance sheets |
| spellingShingle | James Gauthier Carter McCormack Housing, wealth and debt: How are young Canadians adapting to current financial and housing pressures? Economic and Social Reports New housing price indices Family expenditures Family expenses Household spending Living expenses Corporate balance sheets |
| title | Housing, wealth and debt: How are young Canadians adapting to current financial and housing pressures? |
| title_full | Housing, wealth and debt: How are young Canadians adapting to current financial and housing pressures? |
| title_fullStr | Housing, wealth and debt: How are young Canadians adapting to current financial and housing pressures? |
| title_full_unstemmed | Housing, wealth and debt: How are young Canadians adapting to current financial and housing pressures? |
| title_short | Housing, wealth and debt: How are young Canadians adapting to current financial and housing pressures? |
| title_sort | housing wealth and debt how are young canadians adapting to current financial and housing pressures |
| topic | New housing price indices Family expenditures Family expenses Household spending Living expenses Corporate balance sheets |
| url | https://www150.statcan.gc.ca/n1/pub/36-28-0001/2024003/article/00004-eng.htm |
| work_keys_str_mv | AT jamesgauthier housingwealthanddebthowareyoungcanadiansadaptingtocurrentfinancialandhousingpressures AT cartermccormack housingwealthanddebthowareyoungcanadiansadaptingtocurrentfinancialandhousingpressures |