More than 1.4 million boomers across Canada expect to buy a home in the next five years!

• 56 per cent of boomers consider their local housing market unaffordable for retirement
• 9 per cent of boomer parents do not expect their kids to move out until after the age of 35; this number is almost three times higher in British Columbia
• 32 per cent of boomers looking to buy in the next five years most likely to purchase a condo

TORONTO, August 8, 2018 – The Royal LePage Boomer Trends Survey, released today, found that 17 per cent of Canadian baby boomers (born between 1946-1964) are planning to purchase a new home in the next five years. This is expected to have a meaningful impact on the housing market, as the group represents 1.4 million^[1] potential buyers and sellers. The research, conducted by Leger for Royal LePage, found that more than half (59 per cent) are opting to renovate their current residence rather than buying a new home.

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