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Downsizers Driving Upscale Condo Market

Author: 
Toronto Condo News
Publication date:
June 25, 2019
Article Summary: 

The Toronto condo market is being boosted by baby boomers downsizing and moving to luxury condo buildings, allowing them to sell their homes and have funds for retirement. Condo living offers easy aging in place with elevators and one-level units, and the option to delay the need for a retirement home. Walkable areas with easy access to entertainment, shopping, and food stores are the most popular condo locations. Some are also choosing to live in condos for the lifestyle, with proceeds from the sale of a home providing an income similar to living rent-free.



Keywords: 

Toronto, condo market, baby boomers, downsizing, luxury condo buildings, retirement, aging in place, walkable areas, entertainment, shopping, lifestyle, income.



Source Citation: 
Toronto Condo News
Downsizers Driving Upscale Condo Market
June 25, 2019
https://tocondonews.com/archives/downsizers-driving-upscale-condo-market/
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