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A new survey by Equifax reports that one in five young adults admitted to lying on a loan application for a mortgage. This isn’t too surprising, given there’s a vast amount of social pressure placed on Canadians – both young and old – to own their own home.

Also known as “Generation Squeeze,” a report by the same name paints a troubling portrait of millennials attempting to shrink the gap between the huge cost of home ownership and their average earnings. CTVNews reported that in order for houses to be affordable, they would literally have to drop in price by half the cost – approximately $223,000.

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