Can Young Adults Afford Independence? The Challenge of Canada’s Housing Costs

Can Young Adults Afford Independence? The Challenge of Canada’s Housing Costs
An exterior shot of an apartment is shown in Toronto on April 22, 2024. The Canadian Press/Chris Young
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Canada’s escalating rents and a shortage of housing have not only created challenges for young adults seeking their own homes; they are also reshaping the fundamental structure of family living arrangements, new research suggests.
The increased cost of apartments and homes in cities like Toronto and Vancouver in recent years has forced many young adults to live with family or roommates to manage costs, according to a study from the University of British Columbia.