Canada Mortgage and Housing Corporation: How Do Housing Needs Change After 50?

Submitted by Jasmina on Mon, 2007-01-08 00:10.

Housing Now Canada - December 2006Check out this article is published in December 2006 edition of CMHC's "Housing Now - Canada" pubication on pages 7 & 8! It highlights some of the findings of Statistics Canada’s Survey of Household Spending (SHS) as they relate to housing needs in the later stages of the life cycle. CMHC estimates that the 65+ population, which currently comprises 13 per cent of the total population, will more than double in the next 25 years, growing at five times the rate of the general population. The article looks at some of the potential impacts of an ageing population on housing demand.

Housing Now is a monthly publication provides topical housing-related articles and data that will help you identify trends in mortgage activity, monitor market share of mortgage credit by type of lending institution, track trends in mortgage rates, and stay on top of the demand for mortgage credit. It also gives a detailed analysis of Canada's primary and secondary mortgage markets and is ideally suited for anyone with an interest in current housing market information.