Some young Canadians are downsizing their homes to cut back on their expenses

A recent Statistics Canada survey, conducted between Oct. 21 and Dec. 4, 2022, found that more than one-third of Canadians were finding it difficult for their household to meet its financial needs within the previous 12 months.

“We were living paycheque to paycheque,” the 26-year-old said. 

“We were having to borrow money from one of our parents at different times. I have two babies under two, so it was just a lot to feed all of us and to make our rent every month.” 

The family of four packed up their belongings from their Saint John, N.B. apartment and moved in with Hunt's parents, roughly 30 minutes outside the city.