Sotheby International Realty and The Mustel Group released the generational trends report that seeks to understand different generations' real estate market outlook.
The companies surveyed over 2,000 individuals from Canadian cities like Calgary, Toronto, and Vancouver.
- Almost
half of the urban Canadians aged between 18-77 believe a real estate
investment would perform the same or better than other financial
investments in the next 12 months.
- The number increases to 60% when asked about performance in the next ten years.
- Among those already owning a primary residence, 35% said they are more likely to sell in the next five years.
- Generation X (41%) and Baby Boomers' (44%) propensity to buy a property was the least affected by the pandemic.
- Urban millennials are less likely to sell their primary residence than Generation X and Baby Boomers.
