Welcome to our blog! Today, we’re excited to introduce Jane Furter, a broker with Royal LePage ProAlliance Realty in Kingston, and John Weber from Royal LePage First Contact Realty, based in Barrie. They’re here to share their insights on a trend that’s gaining momentum among Baby Boomers: smart-sizing. Many are choosing to sell their large family homes in the Greater Toronto Area (GTA) and relocate to smaller cities for retirement. While some may still be working, the need for a spacious family home diminishes, making the transition to bungalows, townhomes, or condominiums an attractive option. Smart-Sizing Insights: Navigating Retirement Relocations in Kingston and Barrie
The real estate market has experienced considerable volatility over the past four years. The COVID-19 pandemic led to a sharp increase in prices and a significant drop in inventory, reaching historic lows. However, with higher interest rates introduced 18 months ago, we saw a shift: prices began to decline, and inventory levels increased, offering more options for buyers.
With this backdrop, let’s start our Q&A interview. Jane, could you give us an overview of the current market in Kingston for Baby Boomers looking to downsize and move away from the hustle and bustle of the big city?
Smart-Sizing Insights: Navigating Retirement Relocations in Kingston and Barrie
