The baby boomer generation is leading the pack in a new real estate trend across both Canada and the United States. Baby boomers are people born between 1946 and 1965. This age group essentially makes up one third of Canadas population. It appears that with many baby boomer children moving away from home or buying their own homes, that many of them are downsizing their current homes. In the Saskatoon real estate market we have seen a large increase of both the baby boomer and older generations downsizing their homes. Without children in the house the demand for space has decreased dramatically. Less space in a house means less work and therefore frees up your time to take on other interests. There has been a huge increase of people moving into townhouse complexes as well as condos as yard work, snow removal and other tasks are taken care of you by your condo board.
Another trend that is happening is that many baby boomers upon retiring are selling their homes and relocating else where. Many are relocating to warmer climates or else purchasing a seasonal home else where in the world and spending only summers in Saskatoon. This provides people the best of both worlds. This trend will continue as the baby boomer generation continues to retire. If you are interested in selling your existing home or downsizing, or even interested in seasonal international real estate be sure to contact me and I will be happy to help you!
Kari Calder
Saskatoon Real Estate Agent
Century 21 Conexus Realty Ltd.