1.4 million expect to buy according to the Boomers Trends Survey
There is no one size fits all when it comes to where you will live in your golden years. So I’ve compiled resources here for you to get moving. Firstly with the Royal LePage Boomer Trends survey. Current home prices in Mississauga have made retirement generally unaffordable in this big city. So my advise is Boomers don’t sit on your plans to downsize because the exercise will take some planning and time. If this is for you then check out my list of Top 10 Places To Move When Downsizing Your Mississauga Home
According to the Royal LePage survey, 49% of Ontario boomer respondents in the survey are planning to purchase a home in the next five years:
• 45 per cent are most likely to purchase a detached home
• 32 per cent are most likely to purchase a condominium
• 10 per cent noted strongest interest in a semi-detached/town home
• 5 per cent said a recreational property.
Royal LePage Boomer Trends survey
Albeit many Boomers currently living in Mississauga will choose to stay in their big family homes and renovate. Conversely, 20% of them are making plans to sell the big family home and downsize to a more suitable place. They’ll move to the outskirts of the GTA and downsize to a smaller home. Not to mention pocketing the resulting savings will help fund retirement. Instead for others the retirement plan is to move up to a high rise Condo or townhouse in the city. Still others are purchasing a cottage up north or recreational home in the sunny south.
That’s a lot to think about!
Baby Boomers are on the move, according to the recent Royal LePage Boomer Trends survey, released August 8th 2018. As many as 1.4 Million boomers across Canada expect to buy a home in the next five years. Once again the Baby Boomer bubble is making a big impact on the housing market.
Further, when it comes to downsizing, the survey shows many are open to condo living but most would prefer to remain in a detached home. Still downsizing and life transition for retirement means many Boomers on the move are searching smaller cities, towns and recreational areas with things to do! Moreover, not an easy task at best!
In addition, here is what the survey shows Canadians have on their minds nearing or entering retirement:
- 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
<see the full Royal LePage Boomer Trends Survey>
Top 10 Places To Move When Downsizing Your Mississauga Home
I’ve scoured the MLS system, read TREB sales reports, researched different locations and then decided to take a drive. After visiting numerous cities and townships outside of Mississauga I have compiled this list. Although not ranked in any particular order, here are my Top 10 Places To Move When Downsizing Your Mississauga Home
My purpose is for you is to be so outrageously happy with all this help I give you that you will gladly introduce me to two or more people that would like to attend our next Boomers on the Move workshop. Further YOU can feel comfortable to reach out for help. Ask me your real estate questions.
Boomers on the Move Mississauga Event
When it comes to where you will live in retirement, the biggest challenges uncovered are:
- Where would we move if we downsized?
- What would we do with all our stuff
- Should I Stay or Should I GO?
We have been listening to your feedback. Our next session of Boomers on the Move workshop has new material for you. We have changed things up. That is to say we discovered a new challenge. To be sure, many Boomers are wondering if they should stay in their current home and renovate. While others of the same cohort plan to GO sell their big family home and downsize to a more practical abode. To clarify, it’s a discussion by our panel of experts on this lingering problem Boomers are facing: SHOULD I STAY OR SHOULD I GO?. <Get Your Tickets Here>
Boomers have a dilemma
So feel comfortable to forward this message on to any family or friends that would benefit from our next Boomers on the Move workshop. The date is Wednesday October 24th 6-9PM at the cafe – 6948 Financial Drive Mississauga – Royal LePage Meadowtowne Realty Brokerage. Boomers have a dilemma: Should I Stay Or Should I GO?. <Register Here> to gain insights into this lingering problem facing a generation.
Take a tour of neighbourhoods in the community you choose
We are here to help you. Start your search and take a drive like I did to communities outside the GTA. Check out some of my suggested Top 10 Places To Move When Downsizing Your Mississauga Home. Royal LePage has a network of over 18000 realtors across Canada in 660 office locations. We will refer you to our great network of trusted Realtors. Get educated by taking a tour of neighbourhoods in communities on the outskirts of Mississauga you choose. Let me know what you are looking for. Then book your personal tour of neighbourhoods. Contact me at 647-223-0237 or scott@scottbrubacher.com. We will connect you up with local realtors in communities you choose. Let us show you around and help you get educated.
Amid the lifestyle of Water , Sand and Mountains
Video Interview with Chris Keleher, Team Leader of The Chris Keleher Team at Royal LePage Locations North in Collingwood
Amoung my fav’s is South Georgian Bay Region. To be sure one of the best place for Boomers to consider when downsizing. Start your home search and watch this video interview with Chris Keleher, Team Leader of The Chris Keleher Team at Royal LePage Locations North. So as to gain insights on neighbourhoods in Georgian Bay South. In the know for Collingwood · Blue Mountain · Thornbury · Craigleith · Meaford · Creemore .
Living in Georgian Bay South amid the lifestyle of water,sand and mountains
Boomers don’t sit on your plans to downsize
In the meantime, reach out if you have any questions or need real estate help. If you do take a drive, stay safe. So Boomers don’t sit on your plans to downsize. Reach out now for help! 647-223-023
Start your home search here
You can start your home search here by simply clicking on this link above. Check out homes for sale in communities outside the GTA you choose. Then plan to take a drive. Especially check out my Top 10 Places To Move When Downsizing Your Mississauga Home. Call me before you go so I can make some recommended stops. Remember, I’ve been there before you and would never feel you were wasting my time. So reach out for help! -Scott
