Aug. 22, 2016 | Joel Schlesinger
Condo developers respond to 'downsizing' needs
As the largest segment of the population in North America, baby boomers have shaped our world more than any other age group. And their impact on housing is profound.
Now, while this generation, born between 1946 and 1964, is becoming increasingly gray, the real estate industry is responding to their needs for housing.
Many developers in Alberta are turning their attention to high-density high-rises in centrally located neighbourhoods to reflect boomers' demand for stylish, worry-free living, said Parham Mahboubi, vice-president of planning and marketing at Qualex-Landmark — a Vancouver-based development firm which is the force behind Park Point in the Beltline along 12th Avenue S.W.