2020 Generational Real Estate Trends Report: Aging in Place
A new report released by Mustel Group and Sotheby’s International Realty Canada uncovers trends related to aging and its impact on the housing aspirations, expectations and realities of baby boomers and older adults across the country’s major metropolitan real estate markets. Our “2020 Generational Real Estate Trends Report: Aging in Place” also highlights the gap between this cohort’s desire to age in place in their current homes, and their expectations and plans to sell and move to another primary home during their lifetime.
The first in a multi-part series focused on baby boomers and older adults over the age of 54, the report is based on findings from a survey of 1,764 homeowners ages 54 years or older in Canada’s four largest Census Metropolitan Areas (CMAs): Metro Vancouver, Greater Calgary, Greater Toronto and Greater Montreal. It is one of the first studies in Canada to focus on the housing aspirations, expectations and realities of the baby boomer generation, as well as those who are older, with findings based on homeowners already invested in the housing market.