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Most boomers likely won't downsize for another 20 years — too late for millennials

from Global News

North Americans are known to move through a fairly predictable “housing life cycle.” Phase 1 is living in tiny apartments next to the downtown core during university and the first years of one’s career. Phase 2 usually kicks in when people start having kids, which prompts them to leave behind condos and roommates in favour of a home with a backyard. Then, typically around the beginning of retirement, comes Phase 3: downsizing. more

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