With the majority of baby boomers under-saved and struggling to earn stable income for retirement, a very common plan is to downsize expensive real estate in order to raise cash. Indeed, with the leading edge of boomers just about to turn 70, the swell of interested sellers is just getting started. The question is who can afford to buy or even rent at these prices?
The real estate market in Calgary has left some people without a lot of choice, with many forced to pull their property off the sellers’ market and try to recoup their costs by renting.
It’s an option that has seen exponential growth, particularly in higher-end homes. Here is a direct video link.