Canadian millennials buying houses at younger age than their parents: report

Canadian millennials aged 25 to 34 are better off than their American counterparts — and are entering the housing market at a younger age than their parents did, suggests a new report from TD Economics.

“In Canada, millennials … have found good jobs, higher incomes — particularly females,” said Diana Petramala, an economist for TD Economics and co-author of the report.

“That’s allowed them to enter home ownership sooner than their U.S. counterparts, and even at a younger age than their parents did over 30 years ago.”

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