For young people, debt might come before RRSPs – Ask a Vancouver Mortgage Broker

Resolving to “get healthy” is a decent plan. However, setting a goal of biking to work and cutting out your afternoon peppermint mocha and chocolate cookie is an even more effective plan. How to practice ‘sustainable spending’ in retirement so you don’t run out of money Congrats! You’ve grown your nest egg to a size […]

Survey focuses on two generations of buyers – Ask a Vancouver Mortgage Broker

By Jean Sorensen The millennials (known also as the children of baby boomers born between 1972-1992) and the post Second World War baby boomers (born 1946-1965) are making the greatest impact on the real estate industry today. “Both the boomers and the millennials want move-in ready homes,” says Century 21 Real Estate Canada president Don […]

Despite Challenges, Canada’s Generation Y Still Plan to Own Homes, According to Royal LePage National Survey

New mortgage regulations and current home prices seen as obstacles by Generation Y TORONTO, ON, March 20, 2013 – Although there are genuine hurdles to owning a home for Canadians, a new Royal LePage Real Estate survey shows that Generation Y (born between 1980 and 1994) and Baby Boomers (born between 1947 and 1966) still strongly desire […]

How Will the Baby Boomers Affect the Future Housing Market? – From your Vancouver Mortgage Broker

How Will the Baby Boomers Affect the Future Housing Market? – From your Vancouver Mortgage Broker The baby boomers are the largest single generation alive today. They are aging but they are still very affluent. Many forecasters believed that they would eventually leave their larger homes and that this might result in the creation of […]

Aging Boomers spur housing needs by 2030

Garry Marr Sep 8, 2011 A new study from the Conference Board of Canada predicts that by 2030 about 80% of new housing demand will be consumers in their golden years. It will bring a new wave of homes that are very low maintenance, like condominiums or seniors residences. At the same time the shift […]