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

A recent article published by Royal LePage advised the following;

– 17% of Canadian baby boomers are planning to purchase a new home in the next five years.
– 56% of boomers consider their local housing market unaffordable for retirement.
– 9% 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.
– Many boomers are willing to help their children with real estate purchases. If asked for assistance by their child, 41% would give less than 25% of the home’s total value, while 5% would give 25% of the home purchase price or higher.
– Canadian baby boomers who plan to purchase a home in the next five years are most likely to buy a detached home (45%), a condominium (32%), a semi-detached or town home (10%) and a recreational property (5%).

We would be excited by the opportunity to speak to you regarding your home and will do all that we can to get you to the market and sell your home for the most amount of money, in the least amount of time.

Full article enclosed here: https://bit.ly/2KBdnSF