There are millions of empty nesters in Canada. But a key question remains: When will those long-time homeowners downsize? Read more.
Garry Marr: In Canada's great downsizing debate, staying put still has the upper hand
The article discusses the ongoing trend of empty nesters in Canada considering downsizing their long-term homes, which may lead to prolonged vacancy periods in residential properties. This trend could increase exposure to physical security risks, property crimes, and insurance liabilities for homeowners and insurers. The impact is most significant for homeowners, insurers, and real estate markets in high-vacancy regions.