Aug. 30, 2017 | Geoff Geddes
Popularity of condo living among seniors is on the rise
When it comes to choosing a home later in life, age often brings thoughtful consideration of what really matters. More and more in Calgary, that wisdom is leading seniors to choose condominiums as the place to live out their golden years.
"Five years ago, when we tracked inner-city demographics, you saw maybe 1-2 per cent of seniors purchasing condos," said Oliver Trutina, vice-president of Calgary-based builder Truman.
"Today, that number is around 20 per cent. Since this is often their third or fourth home purchase, they know what they want and are asking for it."