Parent-child housing co-ownership most likely in B.C.: StatsCan [Video]

British Columbians born in the 1990s are more likely to co-own a home with their parents than anywhere else in the country, a new report from Statistics Canada has revealed.

The report, based on statistics from 2021, found that 20.3 per cent, or one in five residential properties owned by British Columbians born in the 1990s are co-owned with their parents.

The rate of parent-child co-ownership among all properties in Canada is 17.3 per cent. Ontario has the second highest proportion at 19.8 per cent, while the Northwest Territories has the lowest at 5.8 per cent.

StatsCan says some of the highest rates of co-ownership are found in expensive urban markets such as Vancouver, Victoria and Abbotsford-Mission.

Noam Dolgin, a realtor who specializes in co-ownership and is a co-founder of CoHo BC, told CTV News this type of living arrangement is a growing trend amid sky-high real estate costs.

“People …