Home Equity Bank has released a list of the top five ways they predict those 55 and over will impact all generations in 2025.

The bank suggests that seniors will continue the recent trend of giving costly gifts to their adult children now instead of saving it for years to come. According to an Ipsos survey, 53 per cent of older Canadian homeowners say they have gifted one of these financial gifts to their adult child or grandchild, with paying for education, weddings or a first home being the most popular choices.

Other 2025 predictions include the increased embrace of AgeTech, such as wearable devices and home systems, and an uptick in “skip-gen bonding”, which mainly consists of grandparents traveling with their grandkids.

The survey adds that older adults are also increasingly more comfortable with being house rich and cash poor. The number of Canadians 55 and up who are considered “house rich, cash poor” has increased by 66 per cent since 2021 to 2.66 million.

The link to the full report can be accesses here.