CMHC on Senior Home Owners
Seniors will account for nearly one-quarter (24%) of the Canadian
population by 2036, and the real estate market is poised to change
significantly because of their influence, according to a new report from
the Canada Mortgage and Housing Corporation.
"Aging baby boomers will generate demand for condominiums and for
home adaptations and support services aimed at allowing them to continue
living comfortably in their homes," said the ninth annual Observer
report, which looks at the effect of housing on Canada's economy.
Read the full 2011 Canadian Housing Observer on the CMHC's website