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Originally Posted by TorqueDog
Our citizens having things as big as they do is less about 'need' and a lot more about their preference for those things.
When you say 'mature suburbs', can you give an example of a neighbourhood you're thinking of?
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Oakridge. Palliser. Braeside. Woodlands. A lot of my friends grew up in those communities, and their parents, who are in their 80s, are still living in the same homes. In my parent’s crescent, there are half-dozen couples who bought their homes in the late 70s and still live there. I walk through Oakridge a lot, and I’d guess a third to half of homes are owned by retirees. You can see it just by the grocery stores in the area - they’re busy at 1 pm on a Wednesday, and the majority of shoppers have grey hair.
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Mr. Cortellino said that in many of Canada’s large cities, seniors living alone or couples over age 75 are more likely than young families to live in single-family homes with three or more bedrooms. (A Globe and Mail analysis of 2021 census data found the percentage of singles and couples who live in homes that have a minimum of three bedrooms increased to 29 per cent that year, from 26 per cent in 2006.)
He said he’s found anecdotally that many people are instead “downsizing from the inside” – only using a small part of their house, often the ground floor, and often closing off or limiting heating in the rest.
Several other reports confirm parts of his findings. Real estate and mortgage company Redfin published a report in January that found that in the United States, “empty-nest baby boomers own 28 per cent of the nation’s large homes [with three or more bedrooms], while millennials with kids own just 14 per cent.”
https://www.theglobeandmail.com/inve...ses-well-into/
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