Just Released: 3.2 million Canadian boomers considering buying a home in the next five years

The Royal LePage 2021 Boomer Survey release includes insights from experts across the country, and data from a recent Royal LePage survey, highlighting the real estate trends of Canadian boomers, those born between 1946 and 1965.

Key findings from the national release include:

  • 35% of boomers in Canada are considering purchasing a property within the next five years;
  • 40% of boomer homeowners have at least half of their net wealth in real estate;
  • 52% of boomer homeowners would prefer to renovate their current property over moving;
  • 17% of boomer homeowners currently own more than one property; 
  • 64% of boomer homeowners are mortgage-free;
  • 25% of boomers say they have or would assist a child financially to buy a home.

Click here to read the full release.

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