A report released this week that in part addressed “trends related to aging and its impact on the housing aspirations” in major 
Canadian cities is getting a lot of traction with the large demographic known as the “Baby Boomers.”
Canadian cities is getting a lot of traction with the large demographic known as the “Baby Boomers.”The report's “headline” was that 86 per cent of Baby Boomers (and “older” adults) in four major metropolitan areas, including Vancouver, want to stay in their own homes until…they can’t.
Is this a revelation or a confirmation?
If you zero in on the Vancouver quadrant — Calgary, Toronto and Montreal are the other three — these are the highlights:
• half of the people surveyed from that demographic said the purchase of their current home was influenced by future needs
• neighbourhood priorities were grocery store (45 per cent), transit friendliness (42 per cent), neighbourhood safety (41 per cent), a main-level full bathroom (34 per cent) and a main-level bedroom or bedroom option (33 per cent)
• 55 per cent want to stay in they current home
• 59 per cent want to stay in their neighbourhood
• 40 per cent expect to sell their home, and almost half of those cite maintenance or repair as the main reason
• 87 per cent who want to sell also want to buy again, and 52 per cent of them expect it will be a condominium
The entire report, for all four cities, is available on the GlobeNewswire.
If nothing else, it indicates the Baby Boomers plan to continue to be a player in Vancouver real estate.