Baby Boom Coming to Retirement Effect on Housing Demand in Canada

Introduction: The generation of the baby-boomer generation was from 1945 to 1964 and the age ranged from 49 to 69 years. Many baby-boomer generation enters the retirement age, many of which are still working. This generation accounts for approximately 27% of Canada's total population. The baby-boom generation is the biggest baby boomer generation in Canada, followed by the baby boomer generation. (See Figure 1) Figure 2 shows that the baby-boomer generation brought real housing demand in the 1970s. A baby-boomer generation was in his twenties and purchased his own house, so a new housing was built for the longest period in the 1970s.

The problem of the baby-boomer generation is that it has a great influence on the demographic change and may have social and economic impact. One of the economic consequences of the baby-boomer generation is the fear that the dependence rate will rise when the baby-boomer generation reaches retirement age. By the year 2020, the Census Bureau estimates that the dependence rate of the United States reaches the age of 65, the highest ever in history, the highest in the 1960s and 1970s when the baby-boom generation was a child. Regional and national economies can benefit from baby-boomer generation: it can increase the demand for population growth in houses, transportation, and facilities. As the population increases, food demand will also increase. Failure to keep up with the rapidly growing population can lead to food shortages and inadequate medical facilities.

When predictions come true, the immigrants' tsunami will collapse the Western economy. Baby boomers are retiring, needing a high medical expenses thereafter, eventually they will be extinct. The surviving generation inherits the plundered continent. They will live as minority ethnic groups of immigrant tyrants. Because they produce more, Westerners have more. Considering these advantages, there seems to be unfair advantages for Westerners. But if we also consider the cost, and so-called poor people will actually get better. They do not have to work so hard. They do not need to promote global civilization that provides food to other people in the world.