Tuesday, August 11, 2009

Gen X is flexing their new real estate purchasing muscle

Gen X is flexing their new purchasing muscle

Our internal survey of RE/MAX offices across the country have reported that Generation X purchasers are poised to replace aging baby boomers as the major force in recreational property markets across the country.

This demographic shift was originally noted in our 2009 RE/MAX Recreational Property Report highlighting sales, pricing, trends and developments in 50 Canadian markets. Our report found demand from Gen X (those born between 1965 and 1980) has nearly doubled over one year ago. Seventy-four per cent of markets surveyed this year reported a marked trend toward thirty-something buyers snapping up affordably-priced product, ranging from waterfront cottages to resort condominiums, compared to just 40 per cent in 2008.


I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


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