immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Steep Prices: Precarious Employment

precarious employment: Steep prices and precarious employment can make it difficult for millenials to find suitable rentals or buy property. , according to Huffington Post. The average cost of a Canadian home has more than doubled since 2000, and youth underemployment is a growing problem. Some of Generation Y is rebelling against an uphill battle of purchasing affordable homes or securing reasonable rentals by moving into non-traditional alternatives like cars, boats and collective houses. "The housing market did not even feel like an option for me not even remotely," says Danica Brown, a 26-year-old professional who makes $36,000 annually and has no student loans. She lives on a boat she went into debt to purchase and hopes to pay it off in five years, resell it and use the funds as a down payment on a house. (www.immigrantscanada.com). As reported in the news.