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Housing prices and debt push millennials to live with their parents

Thursday, September 28, 2017

High housing prices, debt, and job instability have led to an increasing number of millennials to live at home, according to a new report from the University of Waterloo.

The report, GenY at Homewas released today and builds on recent census data findings that show 47.4 per cent of millennials, also known as GenY, in the Greater Toronto Area (GTA) live with their parents.

In addition to highlighting major reasons young people live at home, it also found that multiculturalism, relief from isolation and mutual support are eroding the stereotype that living with your parents is a bad thing.

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