More Seniors Choosing to Age in Home Instead of Downsizing: CMHC Report
November 15, 2023: Although seniors tend to consider downsizing as they get older, a large proportion are instead choosing to age in their home rather than put it on the market, according to a report by Canada Mortgage and Housing Corp. on Wednesday.
The report which studied the dynamics of senior households showed housing preferences tend to change as people age, with more choosing to move into a condominium, rent a home or downsize their living space as they get older.
Nov 15, 2023
Sammy Hudes, The Canadian Press