By Cheryl Long
..................................................................
I
n the year 2030, the youngest of the
baby boomer generation will reach the
age of 65. At the same time, Statistics
Canada reports that one in four people in
Canada will be 65 or older, representing
a steady two-decade increase in the pro-
portion of seniors making up the country’s
population.
That evolution in demographics will un-
doubtedly have an impact on services
and industries across Canada. One that is
poised to feel the effect of an aging popu-
lation is the housing market with predic-
tions of increased demand for low-mainte-
nance homes and a potential decrease in
price for single-family homes as that group
gives up their family residences in favour
of less time spent shovelling snow and
mowing grass.
MAR/APR 2015
H
business elite canada 57
