Press Release: Clayton Research Associates Limited
January 15, 2001
TORONTO, ONT -- Demographics and improved incomes in recent years have led to an increase in the demand for vacation
homes, according to the latest Clayton Housing Report.
"The demand for vacation homes is fuelled primarily by discretionary income'' said Lee Marsden, Senior Research
Analyst. "Strong economic growth in the past few years, combined with the aging of the baby boom population
into the prime vacation property owning age groups, have been positive for the vacation home market.''
Mr. Marsden points out an interesting trend: "We are seeing an increasing number of homes in resort-oriented
communities being purchased by empty- nesters as permanent residences or for eventual retirement. At the same time,
many adult lifestyle communities are now targeting the active adult with many of the same recreational amenities
offered in a traditional vacation community. As a result, the line between what constitutes a vacation home and
an adult lifestyle community is beginning to blur."
These findings were revealed today in a new edition of the Clayton Housing Report.
Clayton Research is a firm of urban and real estate economists providing services to both private and public sector
clients across Canada.
For further information
Lee Marsden, (416) 699-5645