The Ontario Real Estate Association has released a report that says millennials in the Greater Toronto and Hamilton area are living with their parents longer as they struggle to find affordable houses.
The report by Ryerson University says there will be almost 700-thousand millennials looking to buy a home in the next decade, despite a limited supply.
It predicts many will abandon the region's urban core in search of affordable housing, leading to longer commutes and more traffic congestion.
The findings support the association's recent ``Keep The Dream Alive'' campaign, which aims to address the dearth of moderately priced housing in the market.
The Toronto Real Estate Board has criticized the campaign -- saying it could have psychological consequences for consumers and could provoke further unwarranted negative government intervention.