Boomers Eye Retirement in Victoria B.C.

admin — Fri, 07 Oct 2011 20:43:42 +0000

The beautiful mild climate and quality of living in Victoria has 15% of all canadians looking to retire in our garden city.
According a Retirement Institute report on where Canadians plan to retire ,85% of Canadians intend to stay in Canada, and 15% of baby boomers intend to retire in Victoria.The study indicates a combination of weather, finances and family tend to be the key motivators when trying to decide on where to retire, and it appears Victoria is the retirement capital of Canada. I am not suprised at these finding and being in the real estae indusrty for near 20 yrs now i see a swing in the age group of people comimg here, back in the early 90″s slots it was people over 60 relocating here but now families are coming in starting up or buying buiseness and making Victoria their permanent home, and then the familes follow.
Interesting that 39% of Albertans wanted to retire in Rose country while 26% would opt for Victoria.
Calgary and Toronto lead Canada in cross country retirement to Victoria, as there respective real estate values are now very similar to our garden city and that helps make the financial transition alot easier.
According to the real estate board,14% of all sales last year were made by out-of-town-buyers, while over the first 6 months of this year that number increades to 17 %. All these factors have a very strong economic impact for greater Victoria helping drive this beautiful place i love to call home……….

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John Percy

Boomers Eye Retirement in Victoria B.C.