{"id":1582,"date":"2026-05-07T08:02:28","date_gmt":"2026-05-07T13:02:28","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/05\/07\/the-millennial-homeownership-gap-new-data-on-gta-trends\/"},"modified":"2026-05-07T08:02:28","modified_gmt":"2026-05-07T13:02:28","slug":"the-millennial-homeownership-gap-new-data-on-gta-trends","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/05\/07\/the-millennial-homeownership-gap-new-data-on-gta-trends\/","title":{"rendered":"The Millennial Homeownership Gap: New Data on GTA Trends"},"content":{"rendered":"

A landmark Statistics Canada report has quantified the deepening homeownership crisis, revealing that millennials are significantly less likely to own homes than boomers or Gen-Xers at the same age. In Toronto, the impact is stark: nearly one in two young adults aged 25 to 29 now live with their parents, a dramatic increase from 21.8% in 1991 to 48.6% in 2021. Even when adjusted for those living at home, the millennial homeownership rate sits at 49.9%, trailing the 55.9% seen by boomers. The data also highlights a shift in property type, with fewer young buyers able to secure single-detached homes in the GTA. While affordability remains stretched, the report suggests these trends are driven by a complex mix of economic pressure and delayed family formation. For a deeper look at the generational divide in the Canadian housing market, read the full report at https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/statistics-canada-report-shines-a-light-on-homeownership-crisis-facing-millennials\/574291.<\/p>\n

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New StatCan data shows millennials are struggling to enter the housing market, with nearly half of Toronto\u2019s young adults still living at home.<\/p>\n","protected":false},"author":2,"featured_media":1581,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178,206],"tags":[182,215,813,398,207],"class_list":["post-1582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","category-residential","tag-gta","tag-housing-market","tag-millennials","tag-real-estate-trends","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1582"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1581"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}