Millennials Twice as Likely to Live with Parents as Boomers

OTTAWA A new Statistics Canada analysis of census data reveals that millennials aged 25 to 39 were nearly twice as likely to live with at least one parent in 2021 as baby boomers were at the same age in 1991, with 16.3 percent of millennials in that situation compared to 8.2 percent of boomers.

The trend was most pronounced among younger adults, as the share of millennials aged 25 to 29 living with parents doubled nationally to 31.1 percent from 15.7 percent three decades earlier. Rates were highest in Toronto and Vancouver, Canada's priciest housing markets, where 48.6 percent of millennials in Toronto and 36.9 percent in Vancouver lived with parents in 2021, up sharply from 21.8 percent and 16.7 percent, respectively, in 1991.

Statistics Canada examined the 25-to-39 age group across three census years: 1991 for baby boomers, 2006 for Generation X and 2021 for millennials. The agency noted a gradual increase over time in young adults living with parents while single, without a spouse, partner or child.

Even after accounting for longer stays at home, millennials posted lower homeownership rates at 49.9 percent in 2021, compared to 55.9 percent for boomers in 1991 and 56.2 percent...