Nine-in-ten Ontario boomers plan to downsize

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For their next move, Ontario boomers are looking to downsize to smaller homes. According to the TD Canada Trust Boomer Buyers Report, 86% of Ontario boomers say their next move will be to a smaller home. Half say a smaller home will help them save money and 36% will move to enjoy more luxurious features.

Three-quarters of boomers in Ontario say it is important that they pay off their mortgage before they retire, but less than half (43%) have paid off their entire mortgage. In fact, one quarter (25%) have a long way to go, having paid off less than 40% of their mortgage.

Posted via email from Selling Cambridge with Clare DeJong