Zoomer Week In Review

Older Zoomers Are Delaying Their Home Downsizing Plans: There’s been a demographic shift when it comes to Boomers downsizing from their homes. In fact, according to Canada Mortgage and Housing, Seniors are now less likely to sell their homes before the age of 85, a big change from three decades ago. Boomers are not expected to downsize in a meaningful way until mid-2040. Better health and lack of housing are driving the trend. We reached CMHC Economist Francis Cortellino who authored a recent study that confirms the trend. Toronto Funeral Homes Worried About Burial Shortages: Death is often considered a taboo subject, but funeral homes in Toronto are sounding the alarm about a crisis: a lack of space to bury the dead. Some industry experts predict space will run out in a little as 10 years. The dire situation reflects the current housing crisis, where land is a premium. We reached Kim Hunter, Owner of Humphrey Funeral Home to talk about changes in the funeral industry.