Young Canadians can’t move out to their own home

In my opinion, this is yet another clear indicator of the economy`s direction. Since the rate of young Canadians living at home has been rising steadily since at least 1981, It`s fairly clear that young Canadians are having less and less opportunities in the past 30 years. Coupled with the ever rising price of real estate it`s easy to understand why this trend is happening. Hopefully Jim Flaherty`s initiative to decrease the price of real estate will actually drive the prices down, and housing will become more accessible. That way the Sauder class of 2016 won`t be living with their parents until they`re 30.

Sources: http://business.financialpost.com/2012/10/06/letting-your-adult-kids-move-back-home-comes-at-a-price/

http://gawker.com/5581481/being-young-and-unemployed-sure-is-trendy

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