logo.2f506c49.png
Source: Murrayville House

New condo communities like Murrayville House in Langley, BC will be the place in the next five years for downsizing Baby Boomers

LANGLEY, British Columbia, May 10, 2019 (GLOBE NEWSWIRE) -- Affordable condos in vibrant communities are becoming increasingly attractive to BC homeowners between the ages of 54 and 72. 

Smaller cities, like Langley, BC, and flourishing new condo communities, like Murrayville House, will be a destination for thousands of boomers in BC, according to a Royal LePage survey. 

In fact, 26 percent of the province’s aging homeowners are banking on real estate to fund their golden years and more than 30 percent of BC Baby Boomers polled in a 2018 survey said they are looking into condominiums as their primary choice of residence upon retirement. 

“Purchasing an affordable new condo is the perfect solution for downsizing Boomers,” says The Agency Real Estate Marketing vice-president, Darryl Price. “As a way to downsize and live comfortably in retirement, these homeowners can unlock some of their equity and enjoy a carefree lifestyle.”  

Living the condo lifestyle means maintenance and repairs are no longer handled by the homeowner.  Aside from affordability, one of the biggest draws of condo ownership for many people born between 1946 and 1964 is the freedom from time-consuming and often physically demanding upkeep. 

Condos are easier to maintain for older buyers and new condo communities are popping up in thriving urban areas across BC. They support active living and healthy lifestyles with on-site fitness facilities, plenty of greenspace, and pathways that connect homeowners to everyday amenities. 

Murrayville House in Langley and dozens of other condo communities across the country will be a huge draw for Boomers by 2023 and developers are rolling out the silver carpet in anticipation. 

For more information on new condos and amenities for retirees at Murrayville House in Langley, contact Darryl Price at 604-427-4320 or email darryl@theagencyrem.com.