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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.

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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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KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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