High home prices may explain why more adults live with their parents. According to the Royal LePage2021 Boomer Survey, one fifth of Boomers currently have children at home. Over half of these Boomers are aged 25 or older. These Boomers stated that they don’t think these children will ever leave their home.
One in five Canadian Boomers have children living at home
Surprisingly, Boomers have children at home. This includes those aged 18 and under. The survey found that 20% of Boomers have children. The numbers were slightly higher in BC (21%), and Ontario (23%). Quebec (17%) came in lower and is also more affordable. Because the rate is higher for expensive cities, affordability may play a part.
Canadian Boomers with Children Live at Home
The number of Canadian Boomers who have children at home.
These assumptions may be confirmed if you look at the major cities of these markets. Vancouver (28%) is home to more Boomers than Toronto (26%). Montreal (20%) was more affordable than the national average.
That’s all of the children, not just minors. It is not surprising that minors live with their guardians. It is fascinating to see how many of these children are adults. These were not college-aged children, but prime workers.
More than half of Boomer Children Are Adults
Over half of Boomer children are aged 25 or older. Nationally, 12 percent of Boomers reported having 25-year-old children at home. Similar rates were observed in BC (12%) and Ontario (13%). Quebec was more affordable (11%) but it did not fall much.
Canadian Boomers with Adult Children Live at Home
Canadian Boomers have a higher proportion of adult children at home than their counterparts in the United States. This demographic can be broken down into college-aged (18-24 years old) and working age (25 and older em>
The number of Boomers living in Canada’s most costly cities increases dramatically. A quarter of Boomers (20%) said that they have adult children at home. Although the rate was slightly lower in Toronto (16%) it still represents more than half of Boomers’ children. Montreal (13%), the most affordable city, was slightly higher than the national rate.
One in five Boomers with children at home don’t see their kids moving out
More than a fifth (55%) of Boomers who have children at home say they don’t think they will ever move. Canada’s Boomers who have children at home are 21%. This rate is lower in BC (12%) than Quebec (17%). The rate in Ontario (28%), which is a third higher than the national, is significantly higher.
Canadian Boomers Expect Their Children to Stay in Canada.
The percentage of Canadian Boomers who live with their children and don’t expect them to leave home.
However, the highest cost cities had a slightly higher rate. Toronto’s rate of 29 percent is slightly higher than the provincial average. However, Ontario is quite high overall. Montreal (19%) is higher than the Quebec average but lower than the national. Vancouver did not have a data point.
While there are many reasons adult children may live with their parents, it is foolish to assume that costs will be one. Rates are higher in expensive provinces, and even higher in large cities. This trend will not be confirmed in Canada until the next Census.