The Twenty-Four Seven by ATB
Welcome to The Twenty-Four Seven. With a fresh new look, The Twenty-Four Seven delivers the analyses, insights and news you’ve come to expect from our team of economic experts.
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Chart of the Week
Chart of the Week: Young adults living with parents
The share of young adults living at home has increased.
Two things come to mind:
- Affordability is a big issue. Statistics Canada is quick to point out that there are other factors, like delayed household or family formation (i.e. postponing having kids and more years in school) and changing demographic compositions of young households. But the massive jump in costly markets like Toronto and Vancouver suggest that affordability is a big part of the story. Housing is out of reach for many young adults. Note that this is 2021 census data; we should expect the 2026 share to rise further given the increase in interest rates and rents over this period.
- Demand lurks in the shadows. There is a potential stock of would-be home buyers or renters in the 25-39 age group that could hit the market if affordability improved, driving housing demand.
Economic Insights Focused on Alberta's Economy
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Retail sales, the unemployment rate, population growth, inflation, international trade—these are just a few of the economic trends the team makes sense of in ATB’s daily insights.
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