Gray is the New Gold: How Aging Populations are Reshaping Real Estate"with Jacqueline Watson

Elementary

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What if the future of Toronto's real estate market is being shaped by its aging population? Spoiler alert: It is, and the impact is monumental! Join me, Jacqueline Watson, on Elementary as we unravel how the growing demographic of individuals aged 65 and older—projected to rise from 18% to 25% by 2036—will redefine housing trends. From the current condo boom to potential shortages driven by high borrowing costs and supply chain issues, we discuss it all. We'll also delve into the pressing demand for home modifications that support aging in place and the burgeoning rise of purpose-built retirement communities that cater specifically to seniors.
Ever wondered how downsizing or multi-generational living could transform your life? This episode sheds light on the benefits and challenges of these housing options. We explore how seniors downsizing can invigorate established neighbourhoods for younger families and provide financial freedom for retirees to enjoy their golden years. We highlight the importance of location, especially for seniors requiring close proximity to healthcare facilities, and critique the current approach to housing development. Financial tools such as home equity lines of credit and reverse mortgages get a thorough examination. Whether your goal is to downsize, make a lateral move, or achieve a mortgage-free lifestyle, this episode equips you with the insights needed to make informed decisions. Don't miss out!

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Chapters

1. Aging Population Trends in Real Estate (00:00:00)

2. Downsizing and Multi-Generational Living (00:12:02)