The dream of owning a home is not in fact dead for Canadian millennials 91裸聊视频� at least, for some 91裸聊视频� despite ever-present challenges to save money.

That91裸聊视频檚 according to a new poll released Tuesday by HSBC, which questioned 9,000 young people across nine countries 91裸聊视频� including 1,000 living in Canada.

About 34 per cent of millennials in this country already own a home, and eight in 10 of those who haven91裸聊视频檛 already made a down payment, plan to do so in the next five years.

The problem is that this group is still having a hard time saving, or isn91裸聊视频檛 bothering at all.

Almost 30 per cent of respondents in Canada reported having no savings plan, while 53 pre cent have an 91裸聊视频渁pproximate budget.91裸聊视频�

About 37 per cent of millennials who already own a home went to the 91裸聊视频淏ank of Mom and Dad,91裸聊视频� according to the survey, while about 20 per cent moved back in with their parents to save cash.

The group Generation Squeeze adds to the bleak picture: it takes millennials in B.C. about 16 years to save for a 20-per-cent down payment 91裸聊视频� more than a decade longer than it took in 1976. In Vancouver, it takes a further seven years.

91裸聊视频淭he reality is, it91裸聊视频檚 a challenge,91裸聊视频� Larry Tomei, executive vice president at HSBC said. 91裸聊视频淪o I can91裸聊视频檛 stress enough the importance of having a good plan that includes getting the right financial services advice and support before and after you buy.91裸聊视频�

When millennials finally buy a home, almost half of them struggle to stick to a budget within the first two years 91裸聊视频� often overspending, leading them back to Mom and Dad91裸聊视频檚 wallets.

More than half know saving would require spending less on leisure activities and going out. One third said they91裸聊视频檙e even prepared to delay having children.

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