The Royal LePage Boomer Trends Survey
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 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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