Housing Market: Baby Boomers

baby boomers: The convergence of boomers reaching retirement age at the end of an era of historically low interest rates has conjured fear about the impact on the housing market of a growing number of homeowners choosing to downsize to increasingly popular condos. CENSUS TRENDS Housing and income across Canada Home ownership on the rise, as is mortgage debt, according to CBC. "That generation of baby boomers really likes to have the house, the garage, the garden; it keeps them active," McKenna said and Baby boomers might be looking to trade their traditional single-family homes for the convenience and comfort of a condominium, but a mass exodus is likely still a long ways off, real-estate experts and recent retirees say. But not all baby boomers will be willing to forgo the lifestyle of a single-family dwelling, said Miranda McKenna, a realtor with Real Estate Homeward brokerage in Toronto. (www.immigrantscanada.com). As reported in the news.