What Will Happen to the Housing Market When the Boomers are GONE? скачать в хорошем качестве

What Will Happen to the Housing Market When the Boomers are GONE?

There’s a new term floating around in real estate “Boomer-geddon.” Ever since the 2008 financial crisis, we’ve had a supply problem. Builders slowed down. Development tightened up. And Canada never really caught up. Then we hit the pandemic. Interest rates dropped to historic lows, buyers flooded the market, and prices surged. In Niagara, we saw it firsthand — multiple offers, bidding wars, GTA buyers moving south, and prices climbing fast. Then rates went up, affordability got squeezed, and younger buyers — especially Millennials — started feeling completely locked out. Now here’s where Boomers come into the conversation. Baby Boomers make up a significant portion of homeowners in Canada, and Niagara has a higher concentration than many other regions because we’re seen as a retirement destination. Many of these homeowners bought decades ago. A lot of them either have no mortgage or they’re sitting on very low rates. And most are choosing to age in place. They’re not in a rush to sell. 🏡 NEED A REALTOR IN THE NiAGARA REGION? Click the link below to get connected with me. https://www.hallonhomes.ca/