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Retiring without a home

Retiring without a home

A decline in homeownership rates will have a dramatic impact on the ability of many millennials to retire comfortably.

Martin Joyce

Partner, National Human & Social Services Leader

KPMG in Canada


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Retiring without a home

​For most millennials, or Generation Y, the dream of home ownership may be just that - a dream. A recent poll commissioned by KPMG in Canada of 2,500 Canadians, including 1,000 millennials between the ages of 23 and 38, found that 72 per cent of millennials want to own a home, but nearly half (46 per cent) think it is just a pipedream.1

A majority believe that it is much more difficult for their generation to afford a home than it was for their parents.

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[1] The survey was conducted from October 11-17, 2019 for KPMG in Canada by Methodify, a research automation platform.

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