Quote:
Originally Posted by McKellarDweller
I get the sense that there are a lot of affluent boomers who are downsizing / moving on from the upkeep of a freehold house, and want to be in the urban west end, but not downtown.
I'm not entirely sure who's buying specifically the larger one-bedroom / one bed plus den units in here? Do the rent #s support it for an investor? Maybe there will be a few single/divorced boomers? (If I were one of those, I'd way rather live on Echo Drive). I don't imagine they're selling like hot cakes to the under-40 yuppies.
So many questions I have about the occupant profile of the under-$800,000 units in here!
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yeah, i've talked to a bunch of ~60yo boomers downsizing from suburban houses to condos/towns that cost just as much as the house they're selling. 800k house to 800k 2br isnt a stretch for them, especially public servants/military who have the security of pensions coming in.