Gen Z’s housing struggles are worse than generations past

In the second quarter of 2022 housing affordability in Canada saw its “worst deterioration” in more than 40 years. At the same time, rents across the country are skyrocketing. For young adults between the ages of 25-29, that means living on your own is more out of reach than ever – even if you’ve graduated from university and have a full-time job.

Personal finance reporter, Erica Alini crunched the numbers to get a snapshot of just how expensive it is for young adults trying to find a place to live right now.

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