New data signals gradual shift that could open opportunities for younger buyers

Toronto, ON – April 15, 2026 – New REMAX Canada research suggests a long-term “downsizing wave” could be on the horizon in Canada’s housing market, as the aging population looks toward the future and considers their next move. However, survey findings suggest the shift could unfold gradually, as limited availability of suitable homes continues to delay movement among older homeowners.

According to a 2024 Statistics Canada report, approximately 7.74 million Canadians are over 65 right now, accounting for almost one-fifth (18.9%) of the total population. By 2030, this number will increase to almost 25%. This aging demographic is expected to drive a downsizing wave, as more older homeowners consider how and where they want to age. While this shift may not create a sudden surge in listings, it has the potential to change the housing landscape, reshaping the types of homes coming to market and creating new opportunities for younger Canadians.

“While downsizing won’t happen all at once, the direction is clear,” says Don Kottick, President of REMAX Canada. “Canada’s aging population will undoubtedly shift demand and availability of housing over time, but progress will depend on improving access to housing that meets seniors’ needs.”

According to a REMAX Canada survey conducted by Angus Reid, nearly half of Canadians (49 per cent) report low availability of downsizing housing options in their communities, with an additional eight per cent indicating no availability. Perceived constraints are more pronounced among older Canadians, with 65 per cent of those aged 65 and over reporting low or no availability.