How The Boomers' Record Inheritance Will Impact Real Estate
About 10 years ago, a study suggested that baby boomers were about to inherit a trillion dollars. Many boomers have already received their inheritance and it's one reason why the country's real estate boom has lasted so long.
But a new report by Benjamin Tal at CIBC Economics, based on a survey by Angus Reid Forum, says that during the next decade there is still about $750 billion to be transferred to Canadians aged 50 to 75 in the largest intergenerational wealth transfer in Canadian history.
Tal says that guessing how much money will be inherited is tricky.
"Most estimates are based on forward-looking questions, asking potential beneficiaries what they expect to receive,"