Hamilton’s No. 3 for young adults living with parents: 2016 census
When it comes to young adults living with their parents, Hamilton ranks third in the country, according to the latest release of Statistics Canada data.
Wednesday’s 2016 census statistics show 44.5 per cent of local adults between the ages of 20 and 34 lived with their parents.
Unsteady work and the spiking cost of accommodation are behind that figure, said Wayne Lewchuk, a McMaster University professor who studies precarious employment.
“Those two things are really driving this in a huge way.”
Out of 35 census metropolitan areas, the top spot went to Toronto, where 47.4 per cent of people in that 20-to-34 age group lived with their parents, followed by Oshawa at 47.2 per cent.
The Hamilton CMA also includes Burlington and Grimsby.
Across Canada, between 2001 and 2016, the percentage of young adults living at home rose to 34.7 per cent from 30.6 per cent.
Ontario had the highest rate of young adults living with their parents in Canada at 42.1 per cent, or more than two in five, Statistics Canada noted in a brief Wednesday.
Lewchuk said the trend reflects the “general malaise” in the labour market. Wages have not kept up with inflation for 30 years, he added.
Much has been written about the erosion of full-time, permanent work and the arrival of the so-called gig economy: workers depending more and more on contract positions, freelancing and temporary placements.
“This is a very tough labour market for millennials,” Lewchuk said.
In Hamilton, house prices have spiked in recent years, making it more difficult for first-timers to get into the market.
Rental rates have also increased, making it harder to find affordable units.
It’s not a complete surprise that more young adults are living with their parents, suggested Huzaifa Saeed, a policy and research analyst with the Hamilton Chamber of Commerce.
“It’s definitely something we’re hearing more and more.”
More chamber members in their mid- to late-20s than before choose to reside with their parents to be able to set up businesses, Saeed said. “They can’t afford both.” The 2016 data showed more young men than women lived with their parents.