cmhc’s seniors’ housing report - summit | sfu's...

CANADA MORTGAGE AND HOUSING CORPORATION

23rd John K. Friesen Conference

Housing Alternatives for an Aging Population

CMHC’s Seniors’ Housing ReportCANADA MORTGAGE AND HOUSING CORPORATION

Agenda

Survey Overview

Demand & Supply

The Results

Nursing homes, chronic care,

or long-term care hospitals

Residences for senior

citizens

Other collective residences

e.g. hostels, shelters, etc.

Source: CMHC, adapted from Census 2011

Seniors’ Living Arrangements in Canada

Standard Spaces Heavy Care

Congregate Residences

Care Facilities

Independent Housing

with SupportAssisted Living Residential Care

• Independent housing

• Some combination of:

› Meals

› Housekeeping

› 24-hour response

› Social Activities

• Independent housing

• Registered

• Typically includes:

› Meals

› Housekeeping

› 24-hour response

› Social activities

› Personal care

services

• Full-time professional

care

• Licensed

Source: CMHC Seniors’ Housing Survey 2013

Seniors’ Housing Survey Definitions

To be eligible for inclusion in the 2013

survey results, a residence must:

• Have been in operation for at least one year

• Offer an on-site meal plan

• Not provide high levels of healthcare (defined as 1.5 hours

or more of care per day) to all of their residents. Nursing

homes and long-term care homes are examples of

residences that were not included in the survey.

• Offer rental units. Life lease units and owner-occupied units

are excluded from this survey.

• Have at least 50% of residents who are 65 years of age or

older.

Seniors’ Housing Survey Definitions

BC Stats Estimated:

340,000 Persons Aged 75+ in 2013

1.8% from 2012


Demand for Seniors’ Housing

Newfoundland & Labrador

4.8%

British

Columbia

8.2% Alberta

5.1%

Saskatchewan

7.3%

Manitoba

4.7%Ontario

5.1%

Quebec

17.6%

Prince Edwards Island

10.3%

New Brunswick

3.1%

Nova Scotia

1.9%

Capture Rate =

Percent of Seniors 75+

Living in the Survey Universe*

* Includes standard and non-standard units


Seniors Living within the Survey Universe

0 5,000 10,000 15,000 20,000

2009

2010

2011

2012

2013

3,07

0

Universe of Standard Spaces

Source: CMHC Seniors’ Housing Survey 2009 - 2013

Supply in BC is Growing


25.0%

British

Columbia

11.4% Alberta

10.2%

Saskatchewan

8.8%

Manitoba

- 4.8%Ontario

13.4%

Quebec

8.7%


6.6%

New Brunswick

6.8%

Nova Scotia

8.5%


Standard Space Vacancy Rates Across Canada

0

3

6

9

12

15

Lower MainlandVancouver Island / Central CoastOkanagan / Thompson / ShuswapOther BC

2012 2013Vacancy Rate

Standard Space Vacancy Rates in BC


Standard Space Average Rent Across Canada


$2,098

British

Columbia

$2,747 Alberta

$2,798

Saskatchewan

$2,505

Manitoba

$2,378Ontario

$3,204

Quebec

$1,520


$2,433

New Brunswick

$1,807

Nova Scotia

$2,394


$0 $1,000 $2,000 $3,000 $4,000

Lower Mainland Rents Highest

B.C. Overall

Thompson/Okanag

an

Vancouver

Island/

Central Coast

Lower Mainland

Total Average Rent for Independent Living

Units


$2,10

5

$2,24

8

$2,91

8

$2,99

8

$2,74

7

Kootenay/

North-Central BC

-2

0

2

4

6

8

Lower Mainland Vancouver Island /Central Coast

Okanagan /Thompson /

Shuswap

Other BC

Transportation Movie Theatre Internet

Percentage point change 2013 vs 2012

* Reflects the change in the proportion of residences offering the specified amenity versus

2012 levels.

Proportion of Residences Offering Amenities

Increases

Sources: CMHC Seniors’ Housing Survey 2013 and 2012

Summary


Supply of seniors’ housing

will continue to grow to

meet the increased

demand from an increasing

seniors population

Seniors housing will

evolve, responding to

changing needs and

preferences

Vacancy rates and rent

levels will move in

response to the changing

market

Thank YOU!

Sarena Teakles

[email protected]

Tel: 604-737-4062

Coming in June:

CMHC’s 2014 Seniors Housing Report

Visit www.cmhc.ca

For More Information Contact:

cmhc’s seniors’ housing report - summit | sfu's...

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