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Millennials vs. baby boomers: Why the cost of living has skyrocketed for young Canadians

Canada 2020 pandemic Government why
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born between 1946 to 1965, were coming of age as young adults — it took a typical young personfive years of full-time work to save a 20 per cent down payment on an average-priced home in the Greater Toronto Area (GTA), Metro Vancouver and many parts of Canada, according to Generation Squeeze, a non-partisan Canadian organization that advocates on behalf of young adults.

Homeownership dreams dashed for many young Canadians as house prices soar Flash-forward to today and home prices have skyrocketed while people’s earnings have lost ground relative to inflation by thousands of dollars.For example, a millennial (someone born between 1981 and 1996) needs to work on average 14 years in Canada, 24 years in the GTA and 28 years Metro Vancouver.

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COVID-19
United States
United States
Cases: 46 252 513
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Recovered: 0
India
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Cases: 34 321 025
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Brazil
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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