The immense boost that the baby boomer gave to the North American economy over last several decades doesn't seems to be slowing its effect. It will continue to inflence the realestate martket in next decade or two.
Real estate marketer and “condo king” Bob Rennie feels that Vancouver’s real estate market in the next 15 years will actually be two separate markets financed by one chequebook. Those two markets will be downsizing, aging baby boomers on the one hand and their first-time-homebuyer kids and grandkids on the other hand. But in both cases, the purchases will be financed by the baby boomers, who will be selling their fully-paid-for single-family homes, Rennie predicted.