Home alone
Census data from last month reveal a trend that should come as little surprise to many baby boomers:
Canada's 20-something demographic is failing to launch.
You don't have to tell that to the parents of the thousands of late-20-something Canadians -- about one in four of them -- still living at home.
It's not that these young adults are listless layabouts. Instead, the more likely scenario these days is they're living at home so they can save for their future.
And many aren't waiting for the love of their life to come along before taking the plunge into home ownership. A good number are going it on their own, says Farhaneh Haque, director of mortgage advice at TD Canada Trust in Toronto.
"You don't have to look very hard," she says. "There are a lot of single young people in the market."
According to TD's own research, about 55 per cent of men and 30 per cent of women buy their first home on their own.
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