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Baby boomers are bailing out Toronto s condo market with huge gifts for their kids Stay in the loop Sign up for our free email newsletter. Unsubscribe anytime or contact us for details. The downtown Toronto condo market continues to bounce back with a vengeance following a full year of steady, pandemic-induced declines, and one of the key drivers behind this trend may surprise you. Or not. Apparently, realtors have seen loads of parents purchasing properties for their dear children in recent months specifically retiring boomer parents and their sponging millennial spawn. Ontario s baby boomers are selling their (typically larger) homes to help their kids break into the housing market, reads a new report from the real estate listing and analysis firm Strata, which attributes rising downtown condo values to family decisions.

Galina shevelevaCliff liuLisa patelOffice of the superintendent financial institutionsFinancial institutionsToronto regional real estate boardலிசா படேல்அலுவலகம் ஆஃப் தி கண்காணிப்பாளர் நிதி நிறுவனங்கள்நிதி நிறுவனங்கள்டொராண்டோ பிராந்திய ரியல் எஸ்டேட் பலகை