Quote:
Originally Posted by CliffFletcher
Women today are waiting longer to have kids and they're having fewer of them. But most will still be parents at some point in their life. More people are buying condos, but detached homes still make up the largest housing category by far. New sub-divisions are still being built on the perimeter of every city in the country.
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Okay but I never said this was going to happen tomorrow. If 50% more women are not having kids now than they were a generation ago and that trend continues at that pace, we're looking at 1 in 3 women being childless a generation from now. Whether it's 10 years from now or 20 years from now, either way we're looking at significantly less Canadians needing detached homes.
If that decline coincides with a shift in how owning a home is viewed as a status symbol (also quite likely), or the rise in a remote/mobile workforce (also likely) then that's going to soften the market. The number of sub-divisions being built right now only strengthens that notion because it means supply is likely to exceed demand right now. It's kind of like the EV thread. You don't need a substantial shift demand to affect market. Even a 10-20% decrease in demand would send ripples through it.
I'm not guaranteeing any of this will happen, but I am saying that you might want to have a backup plan if your retirement plan is contingent on someone paying market or above-market prices for your house.