The CMHC (Canada Mortgage and Housing Corporation) has developed and released an in depth report "Housing for Older Canadians — The Definitive Guide to the Over-55 Market" in response to a call to investigate the changing needs and challenges this larger, over 55 demographic is embarking.
The series explores how the seniors of today and tomorrow present a challenge to housing providers with changing needs and lifestyle demands different from the previous group 10-20 years ago. With our latest technology tied in with better life expectancy and changing ideal lifestyles the end product housing will need to change from the old model we are currently employing.
It is essential for the industry to understand and cater to today’s seniors who want to remain close to friends, family and familiar surroundings while enjoying services and amenities that allow them to live rich, stress-free and active lifestyles.
I found the report to be very informative and recommend everyone who plans to have any degree of involvement in the real estate market take a closer look at this report found at: