Here are two statistics which could impact real estate in 2011 (and beyond):
For their next move, 86% of Ontario Boomers plan to buy a smaller home.
Two out of every three Ontario Boomers are worried about running out of money.
Baby Boomers are poised to shake up the Real Estate market as they face the biggest financial challenge of their lives ... retirement.
I would be pleased to discuss how SmartSizing can help you or your family and friends in the future, especially for those that are close to retiring. Ask yourself's.
- How many rooms do we use in our family home?
- Could I move to a different location now that I am retired and reek the benefits of the equity in my home today, without sacrificing or maybe even improving the amenities in the home we live in?
- Would condo/townhouse living be a better choice now that we are free to travel, and that our income is smaller?
- Can we now full fill our dream of small town or country living, and also boost our savings?
These and many other questions should be answered before circumstances take away ones choices.
And that is another installment of " Something to think about".
As always please feel free to comment and or contact me.