There are definitely some interesting numbers and insights in this article! Baby boomers, in a confusing turn of events, are not downsizing to smaller homes as predicted. Instead, they’re investing in luxury homes and condos while helping their kids toward the purchase of their first homes. A study also found that over half of all first-time […] The post Interesting Real Estate Stats appeared first on Andy Schildhorn, PREC.
There are definitely some interesting numbers and insights in this article! Baby boomers, in a confusing turn of events, are not downsizing to smaller homes as predicted. Instead, they’re investing in luxury homes and condos while helping their kids toward the purchase of their first homes. A study also found that over half of all first-time buyers purchase fully-detached homes, while the number in hotter markets (ie. Vancouver, Toronto) drops to almost half of that at around 30%.
Read more about some of the recent findings here: http://www.moneysense.ca/property/buy/baby-boomers-buy-luxury-real-estate-and-other-stats/
The post Interesting Real Estate Stats appeared first on Andy Schildhorn, PREC.
