![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2018\/05\/canadian-landlords-compressed.jpg\")
<\/a><\/p>\nPhoto: James Bombales<\/em><\/p>\n In an effort to offset expensive housing costs across Canada, Millennials are more willing to be a landlord compared to other age groups. <\/span><\/p>\n In fact, if Millennials were to buy a home today, twice as many (54 per cent) would opt for a home with a source of rental income compared to Baby Boomers (25 per cent), according to a new CIBC poll, released today.<\/p>\n\n “High housing costs and the growing appetite for additional revenue streams make renting out space a popular choice, especially among younger Canadians,” says Jamie Golombek, Managing Director, Tax and Estate Planning, CIBC Financial Planning and Advice, in a statement.<\/p>\n Among the 2,153 Canadian homeowners who participated in the online survey last month, 47 per cent of Millennials (aged 18-34) are already landlords or plan to be one, compared to 29 per cent of homeowners aged 35-54 and 12 per cent of Baby Boomers (aged 55-plus). <\/span><\/p>\n For Millennial homeowners who don\u2019t own a separate rental property, 40 per cent are renting out a portion of their primary residence for extended stays of a year or more, or for short stays.<\/span><\/p>\n