One Person Households Will Be the Future in Canada

In the next 20 years, between 2.3 million and 6.1 million new households will be created across Canada, according to a recent Canada Mortgage and Housing Corporation (CMHC) forecast.

One person households will predominate; the median age will be older, increasing to between 54.7 and 56.2 years compared to the current relatively youthful 50.9 years.

In total, one third of all Canadian households will be seniors, and of these more than half will be a spry 75 years and older.

Owning a home will continue to be popular, according to the report. CMHC asserts that the annual growth for owner households will be five times that for renter households. 

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Blogs
Posts By Date
Categories
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.