'Why pay double for everything?' Meet the adults who live with their parents
CBC
Peggy Ryan first moved back in with her mom 10 years ago as a last resort.
She had lost her job and it was getting harder to keep up with all the bills.
Moving back into her childhood home just made most sense at the time. Ryan, 36, planned to save on rent and food and move out when she found work again. But as the years passed on, she realized living with her mom made most sense in the long term too.
"This is where I grew up. This is where we lived with my grandparents," Ryan said. "I really can't see living anywhere else."
Living together costs the Ryans $5,000 a month for everything they need, including hydro, home and life insurance, groceries and the mortgage.
She said if she were to live alone, she would likely be spending more than half of that on just rent.
And based on national data — Ryan likely isn't alone in feeling that way.
Multigenerational living is pretty common across many cultures — but there's a growing number of Canadians moving back in with their parents as a last resort.
According to the most recent data from Statistics Canada, in 2021, 35.1 per cent of Canadian young adults under the age of 34 live with at least one of their parents.
The agency found the percentage of adult kids living with their parents has jumped by about five per cent across the country from 2001 to 2021.
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She made headlines for saying she can't afford to buy a house in Waterloo region, where she lives — despite making about $90,000 a year.
She told me she's hoping the money she saves will help her eventually pay back her student debt and save for a down payment.
Salonen said there is a need for systemic change.
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