The Lifestyle55 Real Estate Network completely understands that our clientele described as aged 55-70 has a very unique position within the Real estate marketplace. Real estate that has witnessed huge profits – TAX FREE!!!
Information gathered from StatsCan* explains how this group will progress through to their senior years. It would be very logical that this amount of people living in well valued, sizable homes (too big for 1 or 2 people!) will require alternative housing. Don’t be upset with this, we are not booking your ‘Free Lunch’ yet! However alternative, easier manageable properties, close to required amenities will be in demand! Basically, The Bigger properties buying smaller properties.
What no-one is able to predict is WHO WILL BUY YOUR LARGER HOME?
The middleclass has seen the greatest reduction in numbers creating a larger split between those struggling and those able to enjoy their wealthier position. Here in lies a problem we have yet to witness.