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Millennial households to triple by 2036

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Millennial households to triple by 2036

The number of millennial households in Canada will more than triple by 2036. Projections range from 5.5 million to 7 million millennial households in 2036, up from 1.7 million in 2011.

This is according to Long-term Household Growth Projections for Millennial Generation, a Research Insight that supplements our Long-term Household Projections — 2015 update. The millennial generation refers to people born between 1981 and 2001.

The report predicts that the number of couples with children will reach 29% of all millennial households by 2036. It also predicts that non-family millennial households of 2 or more people will decrease considerably. According to the report’s projections, 72% of millennial households will own their own homes by 2036.

Source: CMHC (projections) and adapted from Statistics Canada (population projection 2014)

In 2036, an estimated 60% of millennial households will live in single-detached houses, replacing apartments as the most common dwelling type.

Source: CMHC (projections) and adapted from Statistics Canada (population projection 2014)

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