As of 2013, Canada has one of the highest average life expectancies for men and women in the world. With more Canadians living past 80, and an aging population that's expected to increase significantly by 2031, demand for seniors housing continues to accelerate.

Total Canadian supply of seniors housing at the beginning of 2016 was approximately 224,000 suites. By 2044 aggregate demand is forecast to be more than 550,000 suites creating a need for more than double 2016 supply.*

The current demand for seniors housing is primarily driven by Canadians that are over 75. Between 2011 and 2031, the population of Canadian seniors over 75 is expected to double in size which will create significant new demand for seniors housing and specialized care programs.

These statistics reinforce the market potential and attractiveness of investing in seniors housing as an industry with high demand and great potential for strong ROI.

Source: CBRE. Click on image to enlarge.

Source: CBRE. Click on image to enlarge.

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