The 2017 Generational Trends Report: Canada’s Intergenerational Wealth Transfer & Next Generation Home Buyers is the first report to capture current levels of real estate market confidence amongst Vancouver, Calgary, Toronto and Montreal baby boomers, and to analyze the translation of this sentiment into the transfer of “living inheritances”– gifts of funds while still living– to family members to buy a home. The report, a collaborative undertaking between Mustel Group and Sotheby’s International Realty Canada, uncovers new intelligence on the characteristics of beneficiaries, as well as the amount and source of funds given, property types and pricing of properties purchased, timeline for such transfers of wealth, and the impact of funds on recipients’ ability to obtain a property and mortgage. It also highlights regional nuances, plus differences in trends between households with incomes over $100,000 compared to those with incomes below.
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