Baby boomers may be planning to move, but not into condos

exteriorRoyal LePage survey shows ‘they love their garages and their yards’

By Susan Pigg, Toronto Star:

Baby boomers may well be on the move over the next five years, but don’t expect them to be downsizing to condos, according to a new report by realtor Royal LePage.

“They love their garages and their yards,” says Royal LePage CEO Phil Soper.

In fact, they love them so much that 40.6 per cent of 1,011 boomers surveyed for the study said they plan to move out of the family home to another house — some 25.9 per cent into one of a similar size and almost 18 per cent of them into something even bigger.

While 54 per cent of boomers surveyed said they do intend to downsize, less than a quarter (22.9 per cent) are looking to condominiums or apartments, the report notes.

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