A new study suggests that more retirees are choosing to shun downtown condo living in favour of a home in the suburbs.
The report from the University of Concordia shows that despite the easier access to facilities that downtown offers, a growing number of retirees across the country are opting for apartments out of town.
For planners this creates a challenge as older seniors may not be able to drive and demand for transport links or more suburban amenities will increase.
The report doesn’t look heavily into why seniors are making these different choices but it may well be down to an increase in the affordable apartments available in the suburbs.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: