Student Debt
What is the average student loan debt in Canada?
$28,000
One in how many young adults live in unaffordable housing?
1 in 5
What age group has been facing the most struggles?
Young adults
What can students apply for to get money for school?
Loans and grants
What percent of young adults believe they can’t afford kids?
38%
What is the total amount of student debt in Canada?
over $23.5 billion
Key reasons why young adults don't have access to affordable housing?
Rising house costs, declining wages, increasing job instability
How many young adults live in Canada?
7.3 million
What students have the highest tuition fees?
Medical students
What age are young adults waiting till to start having a family?
35
What gender makes up majority of student debt loan borrowers?
Women
What group of young adults are most likely to struggle with housing?
Single young adults with kids
What ages are considered young adults?
Between ages 18-29
How many students in Canada have loans?
1.7 million
What is Canada falling into due to people not having kids?
Fertility gap
What province holds the most debt?
Ontario
How much of young adults pre-tax income is spent on housing?
30%
What in 2020 most affected young adults and is still affecting them now?
Covid-19
2.6%
Why is Canadas population not going down despite people having less kids?
Immigration
Whic province holds the least debt?
Nova Scotia
In 2023 how much did rent in Canada increase by?
9.7%
I’m What has Covid affected for young adults?
Employment and education
What percent of 20-24 year olds have loans?
42%
What are couples waiting for so they can have kids?
Economic circumstances to get better