While millennials are perceived as a generation of people stuck in apartments, most will eventually seek a house with a backyard when the time comes to buy, according to a new report from Ryerson University. “Affordability is out of reach for many millennials,” Petramala said. “The large share of millennials living with a parent also reflects the fact that leaving the family home is getting hard,” the report says. “Millennials in their early 30s … seem to be catching up on family-life goals,” the report says. It’s “the price they are willing to pay to get their children out of their homes,” the report says.

Source: thestar May 22, 2018 09:00 UTC