OAKVILLE, ONTARIO – Canadian seniors are looking to "right-size" their lives by looking for smaller houses or condominiums to serve as a sanctuary and provide a greater quality of life, according to new research from Moen Canada.
When choosing to downsize their lives, Canadian senior citizens are looking for efficient, yet stylish homes, Moen researchers said.
“Today, Boomer empty-nesters are opting to invest in their homes to create their perfect environment, that's both safe and stylish,” said Jack Suvak, senior director of market research and insights, Moen. “They're seeking areas that enable independence and simply feel roomier and more open.”
For those seniors looking to stay in their current homes as long as possible, they are undertaking remodeling projects to meet any needs. In fact, 75 percent of Boomer home owners completed one or more home improvement project in the past 12 months, Moen said. Some of the upgrades home owners are selecting smart appliances to make life easier. Over the next five years 36 percent of Canadian boomers will purchase a smart appliance, researchers said.
Have something to say? Share your thoughts with us in the comments below.