Luxury Home Buying Trends of Canada’s Gen X
Posted by Ross PAVL onBy Rebecca Wissink Patterns in luxury home buying in Canada are not only influenced by economic factors, but also by demographics and generational characteristics. There are three successive generations that compose Canada’s luxury real estate market - Baby Boomers, Generation X, and Generation Y. As most Baby Boomers enter retirement, and Generation Y is just getting going, Generation X is entering the prime of their lives. Individuals belonging to Gen X as they are commonly called, are those born between roughly 1965 to 1979 (different researchers will use slightly different years) with ages ranging from about 42 to 57. This generation is considered the Bust generation, given they are a small cohort and lost between two massive…
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Most Calgary real estate buyers look at price when looking for the "best deal". But what makes people decide to buy an expensive luxury home? Since homeowners spend most of their time inside their home, the interior design, layout and finishing of Calgary luxury homes become…
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