Is the housing market vulnerable to the 'Silver Tsunami' as Canadians grow older?

“Policymakers have known this was coming for about 50 years. So it’s already sort of baked in,” says Mike P. Moffatt, Senior Director, Policy and Innovation at Smart Prosperity Institute, who authored a report last year, saying that Ontario needs to add one million homes over the next decade to keep up with population growth.

“Baby boomers are an incredibly diverse group with a wide range of lived experiences, preferences, expectations, challenges and opportunities,” says Maxwell Hartt, assistant professor at the school of urban and regional planning at Queens University, who acknowledges that a demographic shift is underway.

Dixon, whose two top products are stairlifts at homes and wheelchair ramps, says as the population ages manufacturers are also coming up with newer solutions. Biglieri rejects the term Silver Tsunami saying that it paints getting older as a “burden on society” and sees it as an ageist view of older adults. To her, the emerging questions are weather we should invest in lifts like the ones seen in long-term care homes at people’s houses for example.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is the housing market vulnerable to the 'Silver Tsunami' as Canadians grow older?Seniors decision to downsize, or age in place could have ripple effects on housing Homeowners should be permitted to transfer home ownership to a child tax free. I think that's the least if the housing market's issues. Canadian boomers are the greediest, most self-serving generation of people the world has ever seen. Whatever happens, you can be assured the boomers will prioritize their own indulgent lifestyles above the wellbeing of their children and grandchildren.
Source: nationalpost - 🏆 10. / 80 Read more »