Forget Florida, moving into a cramped condo or that dreaded retirement residence; a great majority of Canadian Baby Boomers plan to stick it out in their own homes when they retire – even if that means paying for someone to come and take care of them.
A new poll by RBC says more than 80 per cent of retired and non-retired Boomers over age 50 would rather stay put as they age, findings which could have wide-sweeping implications for Canada’s housing market.
The RBC “Retirement Myths & Realities Poll” says 88 per cent of retired Boomers would prefer to stay in their current home and pay for home care as needed, while 83 per cent of those yet to retire feel the same way.
That number rises to 91 per cent for both groups when asked if they would prefer staying in their current home or one nearby near family and friends.
"Remaining in familiar surroundings - in a home of their own, in their current neighbourhood and close to family and friends - is definitely how Canadian Boomers wish to liveRead More »from Less housing sales ahead as seniors stay put