Aside from the silly statement at the beginning of this piece, it's a good one for a number of reasons. 

The silly statement?  Boomers are choosing to upgrade, "instead of making do with less." What "making do"?  Less cost on a monthly basis for the same living space as the big ol' house, Less property tax bite, less work and maintenance cost, and--less is more--a whole lot more retirement savings at the  end of the transaction.

The real message here, is: timing is everything.  (This couple made their move just before the foreign tax artificially changed the market.) Timing is VERY good for Marcon Developments, too: "...the beginning of a potential flood of downsizers that will become one of the biggest drivers of the condo market." Not just condos, either. Watch rancher/bungalow single-family homes take off.  "“This is the tip of the iceberg...could be a five- or 10-year run."  But...icebergs melt. 

The message for boomers?  Be the first on your block. Avoid the "glut" to come.