“One possible reason why we’re seeing this decline in happiness among youth is that I think we need to really think about whether or not our younger folks feel hard work can bring success,” he told Global News.

He added the cost of living and housing affordability may make some people feel like working hard won’t necessarily get them to achieving what they consider a “good life.”

I don’t understand why he says things like ‘feel like’ here - it’s not a question of feeling it’s a fact. Working hard won’t get you success.

Also what the actual fuck is this:

the cost of living and housing affordability may make some people feel like working hard won’t necessarily get them to achieving what they consider a “good life.”

Who the fuck considers living with roommates until you’re moved into a public old age home, assuming they even exist by then, a ‘good life’? Kids today are worse off than kids 20 years ago, fact.

• Between the two Canadian censuses of 2016 and 2021, the portion of Canadians living in owner-occupied homes fell from 69% to 66.5%.
• The homeownership rate of 66.5% from the latest census is the lowest since 2002.
• Baby Boomers are the biggest homeowner age group, accounting for over 40% of all homeowners in Canada.
• Just under 60% of new homes were owner-occupied in 2021.
• Approximately 35.5% of Canadian homeowners have a mortgage in 2023.
• The value of owner-occupied homes grew by almost 40% between 2016 and 2021.
• House prices were down by 4% from the previous year in May 2023.
• Couples, high-income earners, established immigrants, and university graduates are more likely to own their homes in Canada.

Here’s who own homes by age:

Data collected in 2011 and 2021 shows that Canadians were less likely to own their place in 2021 than in 2011 in almost all age groups. The rate of homeownership decreased the most among 25-29-year-old Canadians from 44.1% in 2011 to 36.5% in 2021. The rate fell from 59.2% to 52.3% for the 30-34 age group, which was the second biggest decrease.

While the ownership rates fell among the older age groups, too, the changes were more subtle. For example, homeownership fell by just 0.7%, from 75.5% to 74.8%, among Canadians aged 70 to 74. The ownership rate increased among the over 85-year-olds largely driven by the ageing population’s high homeownership rates. 41.3% of homes are owned by Canadians aged 56 to 75, the largest home-owning age group.