27 per cent of baby boomer surveyed in Saskatchewan and Manitoba say they are planning to buy a new house in the next five years. That’s the highest proportion in the country. The Royal LePage Boomer Trends Survey says nationally, that number is 17 per cent, which is considered significant and is expected to have a meaningful impact on the housing market. 50 per cent of boomers in Saskatchewan and Manitoba say they would give money to their children to subsidize a down payment. That ties Alberta for the highest rated of all the regions surveyed. 67 per cent in the two provinces say they would prefer to remain in their homes and renovate rather than move or downsize; again, the highest rate in the country. At 23 per cent, they are also least likely to move to a different city or suburb to find more affordable housing. Residents in the two provinces also are most likely to say they will spend three months a year in another city, province, or country.
Boomers and Their Housing Plans
By Steve Chisholm
Aug 8, 2018 | 1:36 AM
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