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One-third of baby-boomers helping millennials buy real estate
Michael La Prairie
on Wednesday, February 14th, 2018 at 3:50pm.
One-third of Canadian baby-boomers – and more in Metro Vancouver – plan to give ‘living inheritances’ to their adult children specifically to help them buy real estate, a new survey has found. Sotheby’s International Realty Canada’s latest Generational Trends Report analyzes a Mustel Group survey of more than 2,000 Canadians aged 52 to 71 carried out in October 2017, and says that this group – which makes up more than 30 per cent of the population – is highly influential on the real estate market.
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