[Hondaracer]

Boomers don’t want to move to condos. How many middle aged, 50+ people do you see moving into these new condo builds? Zero? Lol

I think they are also realizing downsizing into a townhome etc. Is not an option because townhomes are nothing but stairs. Even places like the row homes in Panorama in Surrey etc are nothing but stairs. You’ve got your kitchen and living room MAYBE a den on the main floor but the rest of your bedrooms, bathrooms, etc are all up and down stairs.

Add to that, I think many boomers have children who now have young children and in turn, maybe those boomers children are living in multi family situations, therefor I find that boomers are holding onto their single family detached as almost the typical “grandparents” house where the grandkids can come over and have a hard and a house to play in.

My parents are only in their early 60’s and have a big house, big property, way too much for 2 people. However, my sister now has 2 kids and the kids love coming over to a big house and run around, go out in the backyard etc.

If there isn’t financial pressures to move, I think people are far more comfortable in staying where they are than “cashing out” and moving to a high rise etc. Where they don’t feel comfortable