Seniors Demand Will Far Outpace Supply In The Future
As boomers begin to retire, the vacancy rate for seniors-friendly homes is lower than ever before, as Canadians look for places to downsize.
The vacancy rate for seniors’ residences fell in Ontario and BC over the last year, according to a new report from the Canada Mortgage and Housing Corporation (CMHC).
It dropped from 10.3 per cent in 2017 to 9.9 per cent in Ontario, while the total supply of available housing grew by just 3,500 units.
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