Many Baby Boomers might choose to sell in 2023. Here are five key drivers of boomers’ decision to downsize and potentially add a lot of housing supply to the market.
All in Risk
Canadian Boomers are Quitting the Workforce
As far back as 2008, CNN reported on the expected effects of Baby Boomers (the largest generational cohort) retiring from the workforce. The pandemic has accelerated the process.
Confidence in Real Estate Shattered
Canadian consumer confidence is negative and has not started to improve yet.
U.S. Fed poised to raise rates in 2022
Higher U.S. interest rates will pressure Canada to match or devalue the Canadian dollar
Rates continue to climb
The trend continues unabated.
ANNOUNCEMENT: OSFI Proposes an fixed floor to the Stress Test
Regulator takes our advice to simplify the mortgage stress test for consumers and reduce home price volatility.
7 of the Most Practical Ways to Save Money
Save money without sacrificing quality of life.
Homeownership among Millenials has skyrocketed during the pandemic
Will there be a post-pandemic homebuyer hangover?