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2016 Seniors'' Housing Survey (Province of Quebec): Slight Downward Trend in Vacancy Rate Continues

ID: 1441585

(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 06/15/16 -- According to the latest survey of seniors'' housing conducted by Canada Mortgage and Housing Corporation (CMHC), the vacancy rate for standard spaces recorded another small decrease from last year. The rate was measured at 6.8 per cent in February, compared to 7.3 per cent at the same time in 2015. The present rate is two percentage points lower than that recorded in the 2013 survey (8.7 per cent).

"The downward trend in the Quebec retirement home vacancy rate reflects the progressive acceleration of population aging in our province," explains Kevin Hughes, Regional Economist at CMHC for Quebec. "Going forward, population growth in the 75 year and over age group will accelerate, and likely lead to increased demand in the coming years," adds Kevin Hughes.

Survey Highlights

"Even if the popularity of retirement homes were to decrease, the intensification of population aging is such that a notable increase in demand would still be expected," adds Kevin Hughes.

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As Canada''s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.

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Vacancy Rate in Seniors'' Residences Stands at 7.4 per Cent
Bereitgestellt von Benutzer: Marketwired
Datum: 15.06.2016 - 06:15 Uhr
Sprache: Deutsch
News-ID 1441585
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MONTREAL, QUEBEC


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Commercial Real Estate


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