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More Than Half Of Ontario Millennials Hate Where They Live Right Now

Millennials really want to buy houses in 2021, but the odds do not look good.
More Than Half Of Ontario Millennials Hate Where They Live Right Now

Not everyone has been able to live out their dreams in 2020 and Ontario millennials are no exception.

According to a study done by Properly, most millennials in the province aren't happy with where they live.

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52% report being unhappy with their current living situation

This number has also increased significantly.

Before the pandemic, 67% of Ontarians in this age group reported being satisfied with their living situations and did not want to move.

Now, Ontarians between 24 and 39 years of age are three times more likely to want a new house than everyone else. Around 45% of them are dreaming of a detached house.

While millennials may be pining for a new home, buying one might prove to be exceptionally difficult.

The report points out that detached home prices have increased by 14.8% this year, while listings have decreased by 30.4%.

Detached homes are also on the market for only 16 days on average now, compared to 26 days in 2019. 

In October, a survey done by the Bank of Montreal showed that, while Canadian millennials are keen to buy a home, a quarter of them expect $100,000 from their parents to do so.

6 Cloud Couch Dupes In Canada You Can Get This Cyber Monday & Lounge Like Royalty

The couch went viral on TikTok and we found a bunch of affordable alternatives online.

Narcity may receive a small commission if you purchase something we recommend in this article, which was created by the Narcity Shop team. Items are in stock and prices are confirmed at the time of publishing, but they can change at any time.

You've probably seen the Restoration Hardware Cloud Couch all over social media thanks to celebs like Kendall Jenner and a ton of TikTokers. It's a gorgeous piece of furniture that apparently feels like a dream to sit in ... with a price tag that's more of a nightmare, TBH. Just the ottoman alone goes for almost $3,000 and every other component is priced in the mid to high thousands.

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The generational divide is alive and well in Canada, according to a new survey which says that Millennials aren't thrilled with the world Baby Boomers have left for them.

The recent Angus Reid Institute and Cardus poll also gauged that young Canadians consider themselves to be way unluckier than anyone in the generations above them.

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People Are Split On How To Get A Good Retirement In Canada & Some Say They Need A 'Miracle'

It seems like almost half of millennials are going to work longer than expected.

A new ranking and survey has revealed what retirement in Canada is like compared to the rest of the world and how people feel about it here.

In the 2021 Global Retirement Index by Natixis Investment Managers — which ranked the top countries for retirement security — Canada placed 10th, moving down two spots from the eighth spot in 2020. The country came in behind Iceland, Switzerland, Norway, Ireland, the Netherlands, New Zealand, Australia, Germany and Denmark.

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Narcity may receive a small commission if you purchase something we recommend in this article, which was created by the Narcity Shop team. Items are in stock and prices are confirmed at the time of publishing, but they can change at any time.

I swear, dust and pet hair build up in my apartment as fast as a wildfire spreads and sometimes I just don't have the willpower to drag out my cleaning supplies.

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