percentage of millennials who own a home by country

[Anonymous]

https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAwBJ0z.img?h=850&w=874&m=6&q=60&o=f&l=f">



A recent inquiry into home ownership in Great Britain should serve as a warning to Canadians.



The two-year investigation, chaired by a former Conservative cabinet minister, found that home ownership among Britain's millennials is in crisis.



In many parts of the U.K., the ownership rate among 25- to 34-year-olds is half what it was in the 1980s, dropping from around 50 per cent to around 25 per cent. In outer London, only 16 per cent of millennials own their own home, down from 53 per cent among the same age group in 1984.



(And that's despite the fact that British homebuyers, much like their Canadian counterparts, are getting plenty of help from their parents with the down payment.)



Britain's millennials are spending more on housing, facing longer commutes and living in smaller spaces than their parents at the same age, the investigation found.



A recent inquiry into home ownership in Great Britain should serve as a warning to Canadians.



The two-year investigation, chaired by a former Conservative cabinet minister, found that home ownership among Britain's millennials is in crisis.



In many parts of the U.K., the ownership rate among 25- to 34-year-olds is half what it was in the 1980s, dropping from around 50 per cent to around 25 per cent. In outer London, only 16 per cent of millennials own their own home, down from 53 per cent among the same age group in 1984.



(And that's despite the fact that British homebuyers, much like their Canadian counterparts, are getting plenty of help from their parents with the down payment.)



Britain's millennials are spending more on housing, facing longer commutes and living in smaller spaces than their parents at the same age, the investigation found.



Policymakers in Canada should take note. The situation here is not nearly as dire, but with house prices soaring in many parts of the country over the past decade, Canada now runs the risk of seeing a similar phenomenon take place.



The 2016 census found that, for the first time in decades, Canada's homeownership rate is declining — albeit from record highs. The survey found 50.2 per cent of 30-year-olds owned their own home in 2016, down from 55 per cent among baby boomers a generation earlier.

https://www.msn.com/en-ca/money/homeandproperty/hey-canadian-millennials-heres-proof-you-missed-out-on-buying-a-house/ar-AAwBJ0B?li=AArWeBz&ocid=mailsignout">https://www.msn.com/en-ca/money/homeand ... ailsignout">https://www.msn.com/en-ca/money/homeandproperty/hey-canadian-millennials-heres-proof-you-missed-out-on-buying-a-house/ar-AAwBJ0B?li=AArWeBz&ocid=mailsignout



It's not just housing, but everything is more expensive.

[Bricktop]

Millenials are less interested in buying homes.



Travel, social life, trinkets and partying are their priorities.



Most of their parents own properties, and they know they only need to bide their time.



And many are living in their parents home.

[Anonymous]

Millenials are less interested in buying homes.



Travel, social life, trinkets and partying are their priorities.



Most of their parents own properties, and they know they only need to bide their time.



And many are living in their parents home.

I'd like to see a survey about millennials attitudes to home ownership.

[Bricktop]

I already have the answer.



Its "meh".

[Blazor]

If you want my answer, its affordability. I seen an article the other day about it. Where housing prices have gone up in popular areas, they cant afford it. And areas where its a lil more affordable, prolly no jobs. Its a struggle.

[Anonymous]

All three levels of government in Canada are not helping. They are getting too greedy with never ending new ways to extract our hard earned money from us.

[Bricktop]

True. Rising real estate prices are insane. Why does a house become more valuable?

[Blazor]

True. Rising real estate prices are insane. Why does a house become more valuable?

Not so much the home, as it is the grass it sits on these days.

[Bricktop]

Exactly. Its a fake valuation, like gold and gems. They aren't worth shit but we think they are.

[Anonymous]

True. Rising real estate prices are insane. Why does a house become more valuable?

demand

[Bricktop]

Which fluctuates. What goes up, can come down.

[Anonymous]

Which fluctuates. What goes up, can come down.

Years of low interest rates and low down payment rules for first time home owners have seen demand increase for long time in this country.

[Xlam]

https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAwBJ0z.img?h=850&w=874&m=6&q=60&o=f&l=f">



A recent inquiry into home ownership in Great Britain should serve as a warning to Canadians.



The two-year investigation, chaired by a former Conservative cabinet minister, found that home ownership among Britain's millennials is in crisis.



In many parts of the U.K., the ownership rate among 25- to 34-year-olds is half what it was in the 1980s, dropping from around 50 per cent to around 25 per cent. In outer London, only 16 per cent of millennials own their own home, down from 53 per cent among the same age group in 1984.



(And that's despite the fact that British homebuyers, much like their Canadian counterparts, are getting plenty of help from their parents with the down payment.)



Britain's millennials are spending more on housing, facing longer commutes and living in smaller spaces than their parents at the same age, the investigation found.



A recent inquiry into home ownership in Great Britain should serve as a warning to Canadians.



The two-year investigation, chaired by a former Conservative cabinet minister, found that home ownership among Britain's millennials is in crisis.



In many parts of the U.K., the ownership rate among 25- to 34-year-olds is half what it was in the 1980s, dropping from around 50 per cent to around 25 per cent. In outer London, only 16 per cent of millennials own their own home, down from 53 per cent among the same age group in 1984.



(And that's despite the fact that British homebuyers, much like their Canadian counterparts, are getting plenty of help from their parents with the down payment.)



Britain's millennials are spending more on housing, facing longer commutes and living in smaller spaces than their parents at the same age, the investigation found.



Policymakers in Canada should take note. The situation here is not nearly as dire, but with house prices soaring in many parts of the country over the past decade, Canada now runs the risk of seeing a similar phenomenon take place.



The 2016 census found that, for the first time in decades, Canada's homeownership rate is declining — albeit from record highs. The survey found 50.2 per cent of 30-year-olds owned their own home in 2016, down from 55 per cent among baby boomers a generation earlier.

https://www.msn.com/en-ca/money/homeandproperty/hey-canadian-millennials-heres-proof-you-missed-out-on-buying-a-house/ar-AAwBJ0B?li=AArWeBz&ocid=mailsignout">https://www.msn.com/en-ca/money/homeand ... ailsignout">https://www.msn.com/en-ca/money/homeandproperty/hey-canadian-millennials-heres-proof-you-missed-out-on-buying-a-house/ar-AAwBJ0B?li=AArWeBz&ocid=mailsignout



It's not just housing, but everything is more expensive.

I have a novel idea. Maybe if we took all the millennials and made them each eat 1000 popscicles, you know the ones with the wooden sticks. Then, we could relocate all the French and French Canadians to Victoria Island. With all that free space and popsicle sticks each person could have their own little shack.



Sounds simple enough to me.

[Anonymous]

Where's Victoria island?

[Angry White Male]

Vancouver is a classic example of why things are why they are now.



Rich Hongers have been allowed to flood in here, jacking up the prices.  A small run down crack shack now sells for a million dollars minimum.



Our minimum wage is $10/hour.



Do the maths...