Do you want content like this delivered to your inbox?
Share

Canadian Real Estate News Headlines (June 9th 2019)

Share

Canadian Real Estate News Headlines (June 9th 2019)

Jethro Seymour

My sales career started in 1994 with publishing and media sales...

My sales career started in 1994 with publishing and media sales...

Jun 9 3 minutes read

Hello everyone. How are you?

I provide you with Canada’s news headlines for real estate news for today.

Most boomers likely won’t downsize for another 20 years — too late for millennials

North Americans are known to move through a fairly predictable “housing life cycle.”

Phase 1 is living in tiny apartments next to the downtown core during university and the first years of one’s career. Phase 2 usually kicks in when people start having kids, which prompts them to leave behind condos and roommates in favour of a home with a backyard. Then, typically around the beginning of retirement, comes Phase 3: downsizing.

Older millennials — those born in the 1980s — are now having children and entering Phase 2. Canadian women are having their first baby at 30, on average, around six years later than the typical age at first birth in the 1950s and ’60s, according to Statistics Canada. But that shift forward is much smaller compared to the delay with which boomers may hit Phase 3 of the homeownership cycle.

Forget moving to a smaller home at 65. Boomers, many of whom are now hitting their 60s, aren’t expected to start downsizing in a meaningful way until at least 2040 or later, when many will be in their 80s, according to a 2018 Ryerson University study of the Greater Toronto and Hamilton Area (GTHA) funded by the Ontario Real Estate Association.

Read More

Looking For Midtown Toronto Homes?

Check them here

Downtown Hamilton vacancy rates 'healthy,' jobs increasing: city report

Hamilton's downtown office vacancy rate declined one per cent last year, while storefront vacancy stayed relatively stable, according to a new city survey. Meanwhile, the city found a 1.2 per cent increase in downtown jobs last year.

Read More

Selling Your Home?

Get your home's value - our custom reports include accurate and up to date information.

Get Home Value

Jethro Seymour, Top Toronto Real Estate Broker

Looking for Houses for Sale in Midtown Toronto? Contact Me!

Canadian Real Estate News Headlines (June 9th 2019) | Jethro Seymour, Top Toronto Real Estate Broker


We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info